NAUFF - A Major Confluence Is Approaching!Nevgold CorpOTC_DLY:NAUFFTheSignalystNAUFF remains within its broader bullish structure, with price continuing to trade above the rising green trendline acting as long-term non-horizontal support. At the same time, the stock is currently moving through a corrective phase defined by the falling wedge pattern marked in red.📊 This correction is now bringing price closer to a particularly important technical area formed by the intersection of: 1️⃣ The rising green trendline 2️⃣ The lower boundary of the red falling wedge 3️⃣ The psychological $1 round number 4️⃣ The previous all-time high, which may now act as support 📌As NAUFF approaches this intersection, the area could become a significant decision zone for the stock’s next directional move. An additional bullish signal is also developing on the MACD. While price has continued forming lower lows within the correction, the MACD histogram has been forming higher lows, creating a potential bullish divergence. This suggests that bearish momentum may be weakening, although price confirmation is still required.⚡ As long as the broader support intersection continues to hold, the bullish structure remains intact and we will be watching for trend-following long setups.🐂 However, the correction has not yet been fully invalidated. 🎯For the bulls to regain stronger control and confirm the beginning of the next major impulsive movement, price would need to break and close above the upper boundary of the red falling wedge. Such a breakout would confirm that buyers are overcoming the current corrective structure and would increase the probability of renewed bullish continuation. 📌 Gold has also been added to the chart for broader sector context. NevGold is an exploration and development company with meaningful exposure to gold through projects such as Limousine Butte, Cedar Wash, and Nutmeg Mountain. For that reason, gold’s broader price structure can provide useful context when evaluating sentiment toward the company and the wider gold-exploration sector.⛏️ Gold is currently approaching an important support area of its own, which may provide a more constructive backdrop for gold-focused exploration companies if buyers begin defending that zone. However, NAUFF should still be evaluated on its own technical structure, as the stock may not move in direct correlation with gold at all times. In brief, NAUFF remains broadly bullish while trading above its rising trendline. The intersection near the $1 round number and previous all-time high could become an important support area, while a confirmed breakout above the falling wedge would provide stronger evidence that the next bullish impulse is beginning. 📈 ⚠️ Disclaimer: This analysis is provided for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Technical conditions can change, and no outcome is guaranteed. Always conduct your own research and manage risk appropriately. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr