GOLD trade ideas
GOLD before an additional 48% rise... The exchange rate has entered a correction phase. Therefore a correction wave is expected. This wave should be used for long-distance entry. The analysis shows that the exchange rate creates a fractal movement. Its size is similar to the size of the 1st fractal. Therefore, we can use this target price. And it can be seen that the exchange rate started to rise in the long run. In the drawing, I indicated a red "X" sign which fracture failure strengthens this image. The exchange rate can be traversed by a wave structure with triple structure within the 2nd fracture. For this z rising wave, the target price is 23.94 usd
Barrick Gold before 40% increase... The exchange builds a second wave of a dual wave system. Target price 17.37 usd.
USDJPY and Inverse Barrick Gold >1986 as Store of Equity FundsUSDJPY Yen and Inverse Gold (indicating dollar value - Barrick Gold has longer data to 1986) as Store of Funds for Stock Purchases vs. DJI; with comparisons to USDEUR and the DXY dollar index . Phases of positive correlation and also phases of inverse correlation.
Beginning of Gold UptrendI know this idea is definitely in the minority, however i remain long term bullish.
As you can see on this yearly chart, gold has broken out of its downtrend, (Red Channel). Now in a slight uptrend (Blue Channel) with minor runs possibly lasting 3-4 months. A break of the blue uptrend channel is a definite sell signal.
This idea comes from way out in left field but it has played out thus far and i think it'll continue.
Thanks for reading!
GOLD (Barrick) exchange rate before 8% rise.... The exchange rate has reached the bottom of its correction level. This level could be 12.16 usd. I expect a rise from this level. The rise target price is 13.26 usd. Other Strategic Formatting The "mirror axis" projected on the D1 ATR axis is expected to be tested. This is the primary resistance level.
This is soo badGold 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
GOLD is setting up for new pre earnings run higherOur Money Maker fires and gets confirmed by the slow stochastics and Money Flow becomes a super High probability trade. Nice long swing trade coming.
Barrick Gold # GoldPrice is bouncing off three month demand zone.
Looking to buy at Weekly Demand zone around 10.50 dollars a share
Barrick $Gold - Ready for lift off 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 LongShort trend broken + new long trend and inverse head and shoulders tested + increasing institutional demand on gold
Don't let them fool youFalse breakout, this is why I always wait for for confirmation. Can't imagine how many lost their money today.
Learn from your mistakes, this particular lesson is 'gold'.
$GOLD Inv Head and ShoulderDate - 3/26/2017
RL - $14.00
T - $18.00
S - $11.48
E - $14.15
Risk vs Rewards - 3.85
$GOLD - end of reversal This looks like inverse head and shoulders reversal for Barrick Gold... Will look for a break out...
Possible to break higherManaged to break above Dec 2018 high.
if it can penetrate through $14 which was huge support in the past (currently resistance), it can march higher towards $20 first.
Gold is bullish. Short term target is $1343.
US10 year yields are bearish and target is 2.11%.
[03/25/2019]Barrick Gold target 21 in this yearBreak out of downtrend line, and forming head & shoulder.
Target 21 very soon, and it's just my first aim.
I will come back after it reaches 21.
Barrick Gold Corp. exchange rate before 18% increase... Perhaps it is not surprising that the nature of the wave axis is similar to the wave axis of the XAUUSD. Similarly, both rates are moving symmetrically. We assume that further increases may occur. Its size and structure may be similar to wave A. But the direction is opposite. If this assumption is correct, the price rise target price is 16.51usd.
