BARRICK GOLD CORPORATION. Sometimes, price doesn't reveal all the information that the markets might tell. And then, we have to recur to other indicators like volume and hidden divergences. In this case, we can observe that GOLD (company and metal as well too) have suffered a big hit after or in consequence of US Elections. Down almost -23% since November...
With RSI(30) almost oversold, support level between 1792-1810 and 200D moving average at 1796, I think it’s time to buy.
Berkshire Hathaway may have bought this back in the second quarter but it is not too late to get onboard this market. The technical outlook appears bullish over the mid-term as we expect more upside from this market over the next three months. That said, we would wait for the price to retest channel support at around $25 before moving in. Our upside target is...
Gold (USD)- Bullish falling wedge. 68% of eventual upward breakout from falling wedge. For further details, please see below link: thepatternsite.com
The Adam and Eve Bottoming Structure Could send Barrick Gold Into ATH... Q4 is Quite Bullish and Interesting time for GOLD, Silver and Cryptocurrencies. Bitcoin has recently decoupling from traditional markets and if this trend continues the masses could swarm into such assets during the next traditional market flash crash.
Shares of Barrick GOLD before rising 65%. Barrick shares are currently making an accumulation movement exactly around their fair value. The fair value is 28.06 usd. At a lower level of $ 2, Warren Buffet also bought out of the stock. GOLD (Barrick) begins construction of the second rising wave of a double rising wave system. In case my analysis is correct the...
weekly chart show divergence between price/RSI.
Resistance zone at 30USD. If it will not be taken it might pull back. Gold is currently building a triangle.
Look carefully at the opening action today as a gap fill could be likely in the next few days.
It was announced last week that the CEO of Berkshire Hathaway, Warren Buffett, bought 1.2% of outstanding stocks of Barrick Gold between 26 & 27. Should you also buy the stock? I think you should follow where money goes... however, looking at the daily chart, immediately after the announcement, the stock price gapped-up thereby creating liquidity void. It will be...
most probably is to expect a further downside move to test the gap, consolidation holds on (triangle formation)
Kinross has all the can slim traits. Its also in a confirmed uptrend and has a low pricepoint. Its easier to double a $8 stock than a $29 stock(like Barrick Gold).
With the uncertainty of the economy due to the covid-19 pandemic, #gold should keep rising and at least test it's all time highs.
Here is an easy ta for GOLD long: Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance. On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume. Both compared could be play on Gold long.: S3 is showing bullish rally, S2 and S1 are forming trendlines for...
BEAUTILF ascending channel. Mr. Ichimoku is telling us that maybe tomorrow we will have a long position signal. Target = 28.30 USD. HUGE challege at 28.34 USD resistance.
GOLD has formed an inverse head and shoulders pattern, a break above the neckline will signify more upside.