meszaros

GOLD (BARRICK) before a 75% increase.

Long
NYSE:GOLD   BARRICK GOLD CORPORATION
GOLD (BARRICK) before a 75% increase. The analysis shows that the price movement of Barrick shares around the wave axis has become symmetric. This suggests two things. 1. The calculation of the wave axis is in a good place :) 2. The price movement has reached the strong support level (since this level is the minimum level of the wave amplitude) so I assume the price movement starts to rise. It can also be seen that an accumulation movement has also developed in this correction range, so further upward movement is expected. If I consider the fractal rules, then apparently the fractal formed on the symmetry axis can be further built. My final conclusion in the price movement is a rising wave sequence with a target price of 40 usd.

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