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    Newmont Mining, the largest global gold producer, is experiencing a strong upward rally.

    by VT Markets
    /
    Jan 13, 2026
    **Newmont’s Price Structure** The daily Elliott Wave chart for NEM shows a clear price trend. After wave II corrected to $29.03, the stock entered wave III, indicating renewed growth. From this low, wave (1) increased to $58.72, while wave (2) dropped back to $36.86. Wave (3) is currently developing and is nearly complete, with a pause for wave (4) expected before more gains. Staying above the support level of $29.03 is crucial for continued progress in wave III. This analysis suggests that Newmont Mining is on a strong upward trend that is picking up speed. In the second half of 2025, gold prices surged, with futures rising over 15% as the market anticipated potential Federal Reserve rate cuts this year. This economic environment supports the stock’s positive movement. **Opportunity For Derivative Traders** Derivative traders may find a good opportunity ahead as the market consolidates. With wave (3) close to completion, a short-term pullback for wave (4) is likely, creating an ideal moment to establish long positions. A recommended strategy is to buy call options with expiration dates a few months out, such as June or September 2026, to take advantage of the expected upward trend. The key support level to watch is the wave II low at $29.03; if it falls below this, the current bullish outlook will be challenged. Strong support was seen around the $36.86 mark during the 2025 pullback, which could act as a floor during future consolidations. Any dips toward this area in the coming weeks might present a favorable risk-reward scenario for bullish traders. This technical perspective is backed by fundamental developments in late 2025, including Newmont’s enhanced production figures following the successful Newcrest acquisition. Additionally, the World Gold Council reported that central banks kept buying gold through Q4 2025, boosting demand. These elements strengthen the potential for a significant rally once the expected short-term correction is over. Create your live VT Markets account and start trading now.

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