GOLD is a gold mining company, Barrick Gold Corporation. GOLD broke out the resistance and stayed above it. I'm expecting more up move. Winning probability of this trade is less than 35%. I am going to trade this setup with a proper risk management. GOLD LONG SETUP: 1. Entry: 16.76 (or market open at 29th Nov 19) 2. Entry: 17.23 Stop-loss: 15.96 (0.8 pts) 1....
Barrick is looking extremely overbought and in a FOMO stage. Weekly charts still show there some upside left. However, historical RSI levels are way too high. Also, if price action turns at these levels and shows signs of resistance, price will cool off. There wont be any real break out until it pops out of this downward channel that appears to be forming....
Gold ST trending down, Barrick is a bad position. Hope you didn't buy at support...even though I know you did. P.s. You can compensate the loss by investing in Stocks
Barrick has been consolidating for a few months and is ready for lift off to next resistance Tailwinds: SPX likely topping a head & shoulders pattern + DXY entering consolidation Only for educational purporses
Barrick Gold (ABX) Q1 Earnings In Line, Sales Beat Estimates. Technicals confirm bullish sentiment. RSI downtrend broke above. V bottom on higher TF. Coppock heading to break 0 line. FIB retracement 50-61.8%. Recently price of GOLD have stabilized finishing the downward movement since 2012. Expectation for appreciation in metal prices. Long-term BUY. Good Luck
Barrick Gold #ABX long scenarios at new monthly demand zones. Potential new demand zones being created off tested monthly demand zone around 14.00 which played out nicely. Long term buy setup at monthly demand around 8.00, very low at all time lows. Monthly demand level has a very strong bullish impulse. Shorts if upper monthly demand level is taken out
Moment of truth. Next week we will se if Barrick Gold has found its bottom. Strong buy is my recommendation. good luck to all an especially myself :-)
Buy Barrick Gold -1.98% at monthly demand around 8.20. Upper monthly demand zone has been tested, expecting bigger penetration and/or removal. Shorts until monthly demand is reached.
The stock price of Barrick Gold Corporation (ABX) as traded on the TSX.
New to trading, my very first chart. With recent fed news, coupled with venezuela news - my hypothesis is leaning towards a jump in ABX. Although, ABX has taken a hit in the last couple of days with investment funds jumping ship. The chart is a 4hr frame showing a oversold RSI. Again, I am new - so maybe I produced this all wrong. I am open to corrections and...
The idea has a broader context, i still have to publish related ideas that makes me believe that gold has this final rally before a significative correction. Targets are shown at chart.
Possible SHS Formation in Barrick Gold playing out, with Gold Prices expected to stabilize in the 1000-900 NYSE:ABX