Gold Mining Leader with Strong Fundamentals + Technical ReboundNewmont CorporationBATS:NEMshortermtraderEntry: $115.39 Stop Loss: $96.00 Take Profit: $154.73 Risk/Reward: ~1 : 2.03 🔍 Rationale 📊 Fundamental Backing (Score 7/7) Strong growth: Revenue +21% YoY, net income +112% YoY. Pristine balance sheet: Debt score 10/10 – low leverage (debt/equity 0.15), high interest coverage (>45x). Industry leadership: World’s largest gold producer, benefiting from geopolitical uncertainty and expected rate cuts. Valuation: P/E ~17.9 (fairly valued vs. peers); price/book and price/sales are elevated but justified by growth and financial stability. 📉 Technical Setup Daily: Recent downtrend, but price is stabilizing near key support. RSI neutral (56), MACD showing bullish divergence. 4H: Bearish but oversold; potential higher low forming. 1H: Bullish momentum with a breakout above recent resistance. RSI >80 confirming short-term strength. Pattern: Accumulation in the $110–$115 zone, supported by rising volume. ⚙️ Trade Plan LevelPriceDescription Entry$115.39Confirmation of bullish continuation after consolidation on the 1H chart Stop Loss$96.00Below the 12‑month structural low (risk management) Take Profit$154.73Historical resistance and upside projection Position type: Position trade (weeks to months) Timeframe: Daily / Weekly Risk per trade: ≤ 2% of capital 📈 Why This Works Strong fundamentals – industry leader with robust growth and almost zero debt. Favorable macro environment – gold tends to benefit from uncertainty and monetary easing. Attractive technical setup – entry near support with short-term momentum and well-defined risk. R/R > 2 – potential reward more than double the risk. ⚠️ Risks Further correction in gold prices. Strength in the U.S. dollar pressuring precious metals. Break below $96 invalidates the structural thesis. 📜 Disclaimer This idea is for educational and informational purposes only and does not constitute financial advice. Trading involves risk of loss. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author may hold positions in the mentioned assets at the time of publication.