Keep On Watch ListIf we get a golden cross on the monthly this summer Barrick Gold could potentially make quite a few people rich. It's not unusual for companies in this dollar range to have massive percentage gains.
BBBARRICK MINING CORPORATION
28.59CADD
−0.44−1.52%
At close at Jul 17, 20:00 GMT
CAD
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ABX trade ideas
BARRICK GOLD CORPORATION: retracement + impulse Hello traders!
In this trade I expect this stock to drop a little before going up. In fact, the MACD is showing that the momentum is getting weaker but I am confident that the drop will not last much because of the current situation in the market.
Remember that gold is a safe asset!
The targets are placed in correspondence of possible stock resistances
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
GOLD - Where else can we put our money?As a follow up to my last post, Barrick broke out of that bull flag with a pefect bounce off of the 61.8% retracement line.
With coronavirus cases spiking, new lockdowns going into effect, and a growing sense of FEAR in the market, I seriously don't know where else to go. Going into election year, this seems like a perfect storm. I think anyone is crazy to think otherwise. I am not saying to buy this stock, but I am not sure where else to look.
Bullish Charts - Gold at 8 Year High, 2nd Largest Mining Co.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.
Daily Chart Indicators:
Volume: Bullish
PMO: Bullish
MACD: Bullish
OBV: Bullish
Stochastic: Bullish
Sector: Bullish
Barrick is getting ready to spike up above the cloud.
I think if it breaks above $26 to $26.50, it's going to run.
Long!
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GOLD - Where else can we put our money?I only own physical gold right now but with the uncertainties in the market and the Fed pumping in trillions of dollars over the next couple of months, I decided to look at some gold mining stocks to hedge against the dollar.
Barricks Gold looks to be consolidating and has shown support at the 61.8% fib retracement line. This is also a long term support line and I think it is going to hold up to propel this stock higher. RSI is not overbought, MACD looks to be gaining momentum, and the bollinger band width is fairly low. Looks like somewhat of a bull-flag to me.
Go long or go home. This is not financial advice!
LONG BARRICK GOLDVeo dos posibilidades. Que la corrección haya terminado o que profundice al 0.618.
En mi opinión yo ya compre, pueden hacerlo con un stop corto, lo ideal es esperar a un cruce -DMI +DMI
A la zona del 1.618 que coincide con una zona externa de fibonacci y con la proyección del ancho del canal desde el pullback.
Objetivos: Venderia toda mi posicion en el anterior maximo y seguiria con las acciones gratis al objetivo del 1.618 con trail stop.
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!
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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?
gold is highly volatile (Breakout). PUTBARRICK Gold is highly volatile and a risky commodity,it has been going bullish since a long time,but the time has come when it has to stop its growth.
Anything that goes up has to come down. Gold will definitely make serious moves in the coming time.The market will go up and down for few down but certainly it will come down in the future months. Have a stop loss of 25.40 and a target of 19.00.
Good Luck.
Gold ABC correction and BUM!GOLD respecting the resistance level between 28 and 31 (28.50), looking for its new support in a zone between 22.5 and 23.5 in an abc correction movement. After this should retest resistance before mentioned. If it breaks it new resistance (wich I see happening because of fundamentals around gold) would be around 43.
