Traders are watching this Bearish Flag on NEM. Inspect the chart now.
Bearish continuation if preceding move was down.
Traders are watching Newmont (NEM) as price action tightens. Currently at $114.05, the asset is showing upward momentum (0.23%). The primary technical feature is a Bearish Flag formation. The trend indicator is reading 11.4/100, suggesting moderate momentum. A potential breakout level is identified at $94.34, targeting $54.07 with support near $115.57 (R:R 1.9).
What is your outlook on NEM?