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GOLD

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1d
1w
1m

Analysis and statistics

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About

The ETF with the symbol GOLD.STU refers to the Absa NewGold ETF listed on the Johannesburg Stock Exchange (JSE) in South Africa. This ETF is designed to track the price of gold bullion. Each NewGold security represents a fraction of an ounce of gold held in trust on behalf of investors. Investors can buy and sell NewGold securities like any other share listed on the JSE, providing a convenient and liquid way to gain exposure to the gold market. The value of the GOLD.STU ETF is directly linked to the fluctuating price of gold, making it a popular choice for investors seeking to diversify their portfolios or hedge against inflation.
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Gold intraday : Aim at 4,230

The downside prevails as long as 4,333 is resistance, with 4,230 and 4,203 as targets

2026 Sep 25 11:00
Gold
  • Our preference: The downside prevails as long as 4,333 is resistance, with 4,230 and 4,203 as targets
  • Alternative scenario: above 4,333, look for 4,378 and 4,404.
  • Comment: The setup is in place, with traders now waiting for a catalyst to activate the next leg of the move.

Supports and resistances:

  • 4,404 ** - Resistance *
  • 4,378 * - Resistance **
  • 4,333 ** - Resistance ***
  • 4,294 last - Last
  • 4,230 - Support ***
  • 4,203 ** - Support **
  • 4,177 * - Support *

Factors

Gold Price: GOLD.STU ETFs primarily reflect spot gold prices. Increased gold demand or decreased supply raise prices.

Currency Fluctuations: Changes in the US dollar's value affect gold prices, often inversely. A weaker dollar makes gold cheaper for foreign buyers, increasing demand.

Interest Rates: Higher interest rates typically decrease gold's appeal as other investments become more attractive.

Inflation: Gold is often seen as an inflation hedge. Rising inflation can increase gold demand and prices.

Geopolitical Risk: Political instability or economic uncertainty often drive investors to gold as a safe haven asset, increasing its price.

ETF Demand: Increased investor demand for GOLD.STU specifically can drive up its price, even if underlying gold prices remain stable.

Supply Chain: Disruptions in gold mining or refining can impact supply and therefore affect the price.

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