Gold (Barrick) before the 42% rise...The exchange rate is ahead of a fractal. The fractal can be twice the size of the previous fractal. In this case, the target price is 25.29 usd.
BBBARRICK MINING CORPORATION
28.43CADD
−0.16−0.56%
At close at Jul 18, 20:00 GMT
CAD
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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
DBL bottom on Barrick GOLD coupled with volume accumulationThis chart looks poised for an immediate parabolic surge; with DOW hitting session highs for the quarter (and breaking its ATH for the 6th or 7th time since last summer) my crystall ball reveals an impending sell-off; followed by a retracement & right now with what's going on in the amount of #crypto dumped we're looking at a retracement on BTCUSD (for those unfamiliar -- BTC & GLD seem to parallell each other inthat they are the goto assets for panicked investors during market uncertainty -- of which there has been nothing but lately) with EMA/50 day MACD/bollinger's all indicating a parabolic surge is due on this chart soon.
ALWAYS set your stop-losses first! So with that being said:
STOP @ $17.18
TP1 (SHORT 24-48 HRS): $18.18
TP2 (MID-- 72 hours): $18.75
TP2 (LONG) 09/20: $19.48
These timeframes are SHORTENED as this is EMA (closer to day trading) though not exactly.
With that being said; trade safely!
DISCLAIMER:
NOT FINANCIAL ADVISE!
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GOLD & SILVER STOCKS ARE OVER BOUGHT! HYPE IS DRIVING THEM UPFolks, we hate to burst the bubble but...
Has anyone looked at the charts of the GOLD and SILVER stocks?
RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about.
To top this argument off, the big companies like GOLD and NEM are making nothing, no big profits, to run to the bank with.
Both companies recently purchased other gold producers and as of late, neither company can turn a nice profit. Look at the earnings reports...It's the truth!
In fact, GOLD barely hit estimates and revenue was down missing estimates. WHY..? ASK YOURSELF WHY? THE NUMBERS DON'T LIE!
Why are all these GOLD & SILVER companies in Canada? We've never done well with Canadian stocks because at the end of the day, most if not all turn out to be a huge scam.
Both GOLD and NEM have had plenty of time to sell gold at these record prices but yet both companies are unprofitable or making a few cents. Why is this?
We cashed out of all our GOLD & SILVER stocks today and we will not look back. Even if GOLD hits maybe 1600 to 1800, and SILVER hits $20 to $25, none of the stocks we follow are making money and from what we can see, they will continue to lose large amounts of money into the future.
Take your profits in the stocks and move into the Indexes, ProShares, SPDR's and ETF's to play it safe. Here's are several for you to research: GDXJ, JNUG, UGLD, GLD, GDXJ, UGL, GDX, DGP, BAR, GLDM, IAU, SLV
Every piece of GOLD & SILVER these companies find & produce is sold forward which means, they missed out on the record high prices as of today.
Also, where are the nice 2%, 3%, 4% and 5% dividends from all these companies if they're doing so well? Wall Street wants you to believe that because GOLD & SILVER are at record highs, GOLD & SILVER stocks should follow.
This argument is one big FRAUD AND A HUGE SCAM!
TAKE YOUR PROFITS AND DON'T LOOK BACK...WE DID TODAY...NEVER ARGUE WITH A PROFIT!!
BEST OF LUCK TO EVERYONE WITH YOUR TRADES!
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Barrick Gold share prices continued its uptrend Gold- Barrick Gold share prices continued its uptrend Tuesday trades, up another level to 19.77 a gain of 2.75% from time of reporting. Share prices have lots of room to the upside, given the uncertainty in the world financial market and the ongoing U.S.-China trade war.
Share prices currently sit around a resistance price level at 19.85 and need to clear this point to continue to its nex estimated target at 20.45 and 21.00. Support levels are expected at around 19.35, 18.90, and 18.30
GOLD (Barrick) Huge gold mine riseGOLD (Barrick) Huge gold mine rise. A large part of the analyzes suggest a larger rise in the gold price. I strongly believe that gold mining stocks will be raised even more. If you look at the movement of the Barrick Gold exchange rate, you can see that the exchange rate could go through a regular fractal build. The orbit of these can be twice that of the previous movement. Therefore, I consider this stock one of the best investments of the coming years.
Barrick Gold Earnings; Will It Surprise?With a Zacks Rank of 2 (Buy), will this be the trade of the week? Zacks has GOLD listed in their earnings filter as an expected surprise. I have backed out of the last few calls out of caution due to the market conditions; even the earnings winners have often gone down in the last week. This could be different since precious metals have actually been on the rise. This could see a gap up over the weekend with a Monday surprise....wouldn't that be nice?!
This is not to be construed as trading advice.
Good luck out there!
Long $BBreakout of triangle consolidation to the upside gives us a good chance to test previous highs so long as the upper triangle edge holds as support. Buying while the market tests the support gives us a nice tight risk window. I'm going long at the next open, and it won't take long to discover if the breakout is real.
FOMO in GOLD? Barrick is looking extremely overbought and in a FOMO stage. Weekly charts still show there some upside left. However, historical RSI levels are way too high. Also, if price action turns at these levels and shows signs of resistance, price will cool off. There wont be any real break out until it pops out of this downward channel that appears to be forming. Exercise caution if you are going long. Gold has been in a multi-year bear market. Is this the beginning of a new trend or simply a FOMO rally?
Barrick Gold extremely overbought after 40% rallyThe Gold commodity has had a amazing few weeks for many different reasons but the move in Barrick Gold is beginning to reach the FOMO stage, huge volume has spiked the stock price 40% in less than a month, such parabolic moves should be handled with great care. The rush to safety in GOLD could end, with the upcoming TRUMP XI meeting at the G20 summit, a positive outcome could bring the risk off sentiment to a end, investors will once again jump back into the Semi's and chip stocks, industrials and transports etc. We would be of the opinion that if you missed the rally don't risk joining now with such overbought conditions.
AVERAGE ANALYSTS PRICE TARGET $14.24
AVERAGE ANALYSTS RECOMMENDATION HOLD
COMPANY PROFILE
Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.
