Good +8% swing trade opportunity. - OPENING POSITION: 24.70 - STOP LOSS: 23.90 (-3.20%) - TAKE PROFIT: 26.75 (+8.74) - R/R: 2.73
As previously mentioned in my outlook of SPY , the best way to play this is ticker GOLD. Barrick recently breached the 200 day MA and is currently resting here. Today it traced back down to 200MA and went back up. There are buyers here waiting to see what happens. If you read my SPY idea, you can look back and see what happened around the end of 2018. Gold...
looking for retest of cloud as support and continuation.
Today, we will speak about Barrick Gold Corporation : Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. The company was founded...
Bullish divergence on 1D timeframe Ill post my ichimoku analysis l8er after watching it a while longer
we can see a possible triangle formation, we need that the superior support is not lost
NYSE:GOLD Barrick Gold Stock : BUY, Entry 29.75 Target 49.26 (+65.58%) Stop 25.69 (-13.65%) Note: Mining shares look strong and good. They seems to be supported by some big men. If they soar over 49.26, it means they will rise very high. In my opinion, it's time to buy gold mining stocks. Key prices are 25.69, 37.39 and 49.26.
We are in an environment where precious metal should thrive. Past 6 months Gold, silver, miners, etc have been lagging behind. Did Bitcoin replace gold and silver? No! We still need metals especially silver. Weekly Barrick Gold chart looks bullish. Price is bouncing off 200 MA, broke out of and retest falling wedge. Pays a dividend on top of it all. Not a...
Gold is cheap. Can it go lower? Of course it could. However, I see more upside risk. There is symmetrical triangle building up. I drew potential break-out road for this pattern based on existing trend lines. Share your thoughts
Agnico Eagle Mines ( NYSE:AEM ) is the gold mining company that I picked as a long-term investment over many other miners such as Equinox and Barrick Gold. I picked it based on which countries have USD Swap Lines , an idea explained by Katusa Research in one of his videos on YouTube. I will explain it briefly here. A USD swap line is an open channel between the...
Hello everyone, So Gold is finally back in a buy/accumulation zone, even though DXY may have more room to run I doubt this will translate in to heavy downside for gold. 1650 maybe? However, the stars look alligned once again to buy gold, or in this case GDX (Gold miners ETF). You can see the trade parameters in the chart. But this is definetely an opportunity...
NYSE:GOLD Request for analysis on Barrick Gold on Monday 22 February 21. Here's What I think. Tuesday 23 Feb 2021 Looking at the Weekly Chart It looks as though Barrick Gold Has finally found Weekly Support. After a Long Decline. Note. The Fib retracement Price has hit the 61.8 Retracement Exactly. Would Like for Price to Close Above the Weekly...
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...
Barrick Gold has room to cross its resistance at $22.90 and continue its down trend to $21.95. OBV continues to go down as well, indicating no reversal at this stage. An uptrend is confirmed as soon as the Renko block crosses SMA10 and OBV indicates an uptrend. Looking forward to your comments. About Renko Charts A Renko chart is a type of chart, developed by the...
S E L L - Get out now if you can before the new year. Cause this stock is totally bearish, just look at the chart, all it says is , um meh.
Barrick Gold potential targets on the chart. Comment below and let me know your thoughts. Feel free to share your work. Thanks!