SchalkLouw

AngloGold - Be very Careful

JSE:ANG   ANGLOGOLD ASHANTI PLC
Very explosive technical levels. Today, the break below the higher lows support line is a short-term worry for all AngloGold Ashanti shareholders. Should support hold around R196, could confirm a possible short-term bounce, with my focus point being the 200-day Moving Average (EMA) at R303. A break and close above these levels could again bring the R320 resistance into play. For now, I'm remaining cautious on ANG and holding tight. With markets being ever-increasingly fearful, I would focus on this space. Refinitiv Eikon consensus target price for ANGis R329.

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