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BARRICK MINING CORPORATIONBB

BARRICK MINING CORPORATION

29.09CADD
+0.05+0.17%
Last update at Jul 14, 20:00 GMT
CAD
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ABX trade ideas

#GOLD - 1H - What price doesn't reveal. 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 6th. From November 11th to November 24th, the price continued falling but this time, MACD formed ascending minimums. This type of correlation is known as bullish divergences (See pink arrows). Also, if we take a look at volume, there's a MASSIVE amount of operations on November 25th . This type of volume hasn't been seen since March when GOLD started its bullish rally. The most curious about this session is that this volume took place in a tiny candle with almost none price variation and really near to support. This could be a clear sign of consolidation. On the other side, GOLD (Metal) is showing signs that bears are no longer in control and price suddenly stopped at USD 1.800 per Oz. We might spect lateralization with high volume over the next sessions. Then, once the price breaks USD 23.5, we can confirm our hypothesis and open a long position.
NYSE:BLong
by aoberninger
Barrick Gold is oversoldIt looks like Barrick Gold (GOLD) is oversold on the ytd trend channel, rsi & volume ema. The metal gold $1800/oz, hasn't been this cheap since July. I know with all the hoopla about bitcoin being a hedge on inflation, I will not be surprised if GOLD makes a U-turn in the next few weeks / month and starts gaining significant value again. I guess we'll see. I picked up some $23 long calls out of speculation. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue & Earnings Debt / Cash Book value, assets 7 Common mistakes: +5% portfolio trades Bad risk management Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum www.tradingview.com TradingView links: www.tradingview.com www.tradingview.com
NLong
by Options360
11
$GOLD - NR Picks Nov 15Barrick Gold es uno de los mayores productores de oro en el mundo, con una producción anual cercada a 5.5 millones de onzas de oro y 430 millones de libras de cobre. También posee reservas probadas de 71 millones de onzas y 13500 millones de libras respectivamente. - El precio de su acción ha venido acumulando retrocesos desde setiembre debido a que el oro alcanzó los $2000 por onza en estas fechas. - Actualmente el precio del metal se encuentra a niveles de $1888 (25% más alto que 2019). - A partir de esto recodemos que compañías como Barrick saben aprovechar muy bien estos incrementos de precio, tal es así que se espera que sus ganancias incrementen 111% y otro 30% para el próximo año. Tambien consideremos que en el tercer trimestre Barrick registró un flujo de caja libre de $1300 millones, lo que le permitió elevar su dividendo un 12.5% ($0.09 dólares por acción/ 1.4% yield). A estos niveles, el precio nos parece atractivo. Identificamos una resistencia clara en $25. y esperamos un impulso hasta los $28 nuevamente hacia la recta final del año, segun nuestros patrones técnicos. Adicionemos a esto, el mercado en general puede registrar algo de volatilidad para estos últimos meses del año, y una probable rotación a activos refugio podría beneficiar a Barrick.
NLong
by NewroadTrader
Barrick Gold: Huge Buying OpportunityHello traders, Looking at the daily chart for ABX, it is at the really critical level. RSI is oversold for the first time in the daily chart this year, and there is confluent layer of trading volume in this trading range: resistance (Feb 25th, 2020) support (June 5th, 2020) Also, XAUUSD is at 200MA in daily chart as well. We can expect relief rally if and only if we see drop in Bitcoin and SPX. My first target will be the 200MA which is about $32-33
TLong
by x45lu
1
$GOLD. Warren Buffett's worst investment? Maybe.. 2 days ago Warren Buffet sold half his stake on Barrick Gold which means this stock will drop hard. My stop loss order is shown in the charts. Its last support is $24.40 we touched that so that means more downfall. Tomorrow will probably be a false breakout for it and then it will drop past its last support($24.40). All hope is not lost thought. GOLD should be a long term investment for next year to hedge against president Biden's hyperinflation agenda. That being said, $15-20 mark price would be ideal to buy this up in order secure 3x ROI for next year on this Stock. All the smart money will be heading to big pharma now/Crypto. Commodities will be left in the dark until Biden becomes president. -Bay Area student in the making.
NShort
by CryptoeChris
Promising Long Opportunity for Barrick GoldBerkshire 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 between $35 - $36. Even though we know that price could easily get higher, our objective is clear: a three-month trade for a 30% - 35% profit.
NLong
by cryptoezvip
2