Anglo gold has been moving in a downtrend in tandem with the Gold price. Currently it looks like it's building a bear flag. If this bear flag breaks to the downside, 26700 could become a target. Cautions approach for new longs on this one. A downtrend break would happen in tandem with the gold price that will break out of it's down channel. Keep an open mind on this one. No position. If you're planning to go short, then wait for the bear flag break confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.