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BARRICK GOLD CORPBARRICK GOLD CORPBARRICK GOLD CORP

BARRICK GOLD CORP

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ABR trade ideas

GOLD Leading DiagonalHello, What is GOLD? Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Papua New Guinea, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada. News My Thoughts For You This chart is for long term investors. I see a pullback coming but buying the dip is a good idea when it bottoms because you will be on wave 3 short term. Good Luck, Cheers! Be sure to comment, follow, like, and check out my profile for more trade ideas!
NYSE:GOLDShort
by keifer
GoNoGo Charts sees Gold struggling to stay in channelThe left GoNoGo Chart is showing daily prices for gold. This is an interesting moment. It appears that Gold prices are trying to break out below the lower bound of a trend channel. With this price action over the last few bars we see that the GoNoGo Trend painted a couple of amber neutral bars, suggesting that the “Go” trend is under threat.
in the lower panel, the GoNoGo Oscillator shows that after bearish divergence, momentum is negative and testing zero from below. Will prices fight to remain in the upward trend channel or is a drop coming? On the right chart, we have a chart of Barrick Gold Corporation, the second largest gold mining corporation in the world. Note how after breaking down out of its trend channel it painted several amber bars before flagging a “NoGo” and moving lower. The GoNoGo Oscillator led this change by breaking below and staying negative in the lower panel. Will Gold follow suit?
NYSE:GOLD
by GoNoGoCharts
Barrick Gold - Ascending Channel Intact Post-FOMCBarrick has been in an ascending channel since it bottomed in mid-March with multiple tests of the channel and 1 failed breakout after a parabolic rise. Move appears healthy with a slow grind higher. Post-FOMC, gold continues to trade bullishly with dips being bought prior to the meeting and big spike after "whatever it takes" message from Powell. Since gold is trading higher with multiple tailwinds, Barrick appears ready for the next move up because: - Channel respect today after initial drop from false breakout, - Above rising 50, 100, 200 MA, and - Sideways movements the last 2 weeks heading towards the bottom of the channel. If it breaks the downtrend for the RSI, it should continue to move higher with resistance at $27.72 from 2008 - 2009. If it fails to break the downtrend for RSI, likely to move lower with minor support at ~$25 from 100MA and resistance and major support at ~$24 from long-term trend from June 2018.
NYSE:GOLDLong
by jcccheung21