Newmont Corporation – NEM analysis and Elliott Wave technical forecast [Video]

ASX: NEM Elliott Wave technical analysis Today’s Elliott Wave analysis covers the Australian Stock Exchange listing NEWMONT CORPORATION – NEM . We observe ASX:NEM moving higher as part of wave three. This report outlines target zones and invalidation levels, helping traders understand when the bullish trend remains valid and when to reassess. One-day chart (semilog scale) Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave c – grey of Wave ii) – orange of Wave iii) – navy of Wave 3 – grey. Details: Wave ii) – orange was previously expected to conclude last week, but it has extended, forming a clearer zigzag labeled a, b, c – grey. We now anticipate this decline to reach near 75.37 , completing wave ii) – orange. From there, wave iii) – orange should begin its ascent. A break above 85.21 would support the bullish case. Invalidation point: 68.11. Four-hour chart analysis Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave ii) – orange of Wave ((iii)) – navy of Wave 3 – grey. Details: The 4-hour chart mirrors the daily chart closely. The bullish confirmation remains a clear break above 85.21 , while the invalidation level is held at 68.11 . These levels are crucial for validating the Elliott Wave count. Invalidation Point: 68.11. Confirmation Point: 85.21. Conclusion: Our analysis of ASX: NEWMONT CORPORATION – NEM highlights both the broader trend and short-term scenarios using Elliott Wave principles. The clearly defined price levels act as markers for confirming or invalidating the current wave count. This structured approach enhances confidence in identifying high-probability opportunities. Newmont Corporation – NEM analysis and Elliott Wave technical forecast [Video] Source: https://www.fxstreet.com/news/newmont-corporation-nem-analysis-and-elliott-wave-technical-forecast-video-202505140641