Interesting setup heading into this week. π
π Tech / AI
The Nasdaq finished lower as semiconductors came under pressure ahead of NVIDIA's earnings.
$NVIDIA(NVDA)$ Itβs my main AI watch.
I'm not interested in chasing it before earnings β I want to see whether the numbers and guidance confirm that AI demand is still strong. A strong reaction could bring momentum back into the broader semiconductor sector.
π₯ GOLD MINERS
Gold is the area I'm watching most closely.
Gold has pushed back above $4,600/oz, with concerns around U.S. debt, the dollar and Treasury yields helping drive demand.
My gold watchlist:
β NEM β Newmont β AEM β Agnico Eagle β KGC β Kinross Gold β AU β AngloGold Ashanti β GFI β Gold Fields β EGO β Eldorado Gold β GDX β Gold Miners ETF
Rather than chase whichever miner jumps the most, I'm watching for relative strength + volume + continuation while gold remains strong.
π MY PLAN
1οΈβ£ Watch gold around the $4,600β$4,650 area.
2οΈβ£ Look for gold miners holding strength while the broader market is weak.
3οΈβ£ Keep NVDA on watch ahead of earnings rather than trying to predict the result.
4οΈβ£ Keep position sizes controlled, as PCE and Jackson Hole are capable of moving yields quickly.
π― Top watches: NEM β’ AEM β’ KGC β’ NVDA β’ GDX
Right now, I think gold miners are one of the most interesting momentum groups in the market.
What are you watching β gold π₯, AI π€ or something completely different?
#StocksToWatch #Gold #NVIDIA #NVDA #NEM #AEM #KGC #GDX #Trading #Investing
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