What the charts are showing for gold and this mining stock heading into 2026
Todd Gordon breaks down the technicals on gold and this mining name.
TL;DR
- Markets are currently in a volatile, range-bound trading pattern, frustrating many investors.
- Historical December seasonality for the S&P 500 and Nasdaq Composite indicates a positive average performance.
- Technical analysis shows a possible head and shoulders reversal pattern on the S&P 500, but it is testing key moving averages.
- Long-term U.S. Treasury yields and the U.S. dollar index are showing signs of failing breakouts, which could be positive for equities.
- Gold is identified as a potential safe-haven asset, with gold miners showing strong performance and the author planning to increase holdings in AngloGold Ashanti.
- The author emphasizes staying tactical and being prepared for any market direction heading into the new year.