$GOLD with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $GOLD after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
ABX trade ideas
Barrick Gold: Come on, Bears!The bears have already shown their potential regarding Barrick Gold and should continue to do so. We expect them to drag Barrick further down below the support line at $13.01, where wave (2) in yellow and thus the overarching downward movement should end. There remains a 35% chance, though, that the bulls could intervene and challenge the bears’ claim. This alternative scenario could come into play if Barrick rose above the resistance at $24.95 and would entail a continuation of the ascent above the next resistance lines at $29.59 and $31.22.
Barrick Gold (NYSE: $GOLD) Could See New Highs In The Future! ⚱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, 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.
Inverted Head and shoulders"An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again." Investopedia
GOLD retested TL & Midbox@21.45; TP@34: Perfect time to shine!Garrick Gold broke out of a downtrendline. It also came down to retest midbox @ 21.45 & bounced.
This is the perfect place to start a rally to BO the yellow consolidation box which also looks like a cup.
The measured move of the cup would be 34 TP.
This is a the perfect time for commodities & metals to shine!
Not trading advice.
GOLD- Barrick GOLD just printed a GOLDEN CROSSA golden cross is the opposite of a death cross which is a bullish sign. The 50 dma is crossing UP through the 200dma. It's getting close short term overbought, any pullbacks are adding opportunities. GOLD the metal is not going up solely because of Ukraine but is likely adding a short term premium on it and would expect a pullback on any resolution, though I don't see this ending, or ending well...... We can only pray someone near Putin takes him out for the sake of humanity and ends this unprovoked genocide. I am beyond disturbed by what's transpiring and this is already out of hand. This can turn into WW3 easily and soon, sadly I fear. I digress, GOLD the metal will have many pullbacks on it's way to $3,000, $5,000 and $10,000. That's how bad things will get. There will be a dollar crisis, a Great Depression 2 and maybe ww3 in my lifetime. Money will be the least of our problems. I suggest to keep on hand some silver and physical gold for use as money in the future. Gold miners are a highly leveraged way to play the gold run which will last for years or longer. Barrick in my opinion is the best well run gold and copper miner which pays a nice dividend. Stay away from Bitcoin and other shitcoins, they are all a SCAM!! GL Hoping for the best. I stand with Ukraine!!!!! F Putin!!!!
$GOLD Barricks GoldReal nice demand line here on Barracks Gold. Breaking above a critical inflection zone there at about 21$. A confirmation low would be ideal to confirm, what was once resistance is now support. We hit the 1.618, but the real target here on the Bearish bat would be the .886 which is confluent that zone there just under $40. This is a long hold.
GOLD catching it's breathGold is still perceived as a storehouse of wealth, even if it is increasingly less intrinsically useful. And, in our turbulent times, it's no surprise that as our equities markets tumble, investors are looking or safe havens. Gold and metals will remain one in the vacuum of other options.
GOLD gapped up on earnings yesterday NYSE:GOLD is looking good after earnings. It bottomed out well and seems to be ready for more gains, any pullback towards 21.2$ is a buying opportunity. Targets and anticipated price action are shown on the chart. I would trail stop this with the 20 MA.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
GOLD Barrick Gold Corporation safe haven just in caseBarrick Gold Corporation, which engages in the exploration, mine development, production, and sale of gold and copper properties looks like a safe haven just in case of a war.
The DIVidend YIELD at 1.63% and P/E ratio at 19.94 look decent.
My price targets are $24.80 against inflation and $29.60 in case of an escalating conflict.
Breakout Coming in Barrick Gold?Last week, we cited the potential breakout in the SPDR Gold ETF. Today’s chart shows a similar pattern in miner Barrick Gold.
First, consider the series of lower highs since August 2020. Then notice how the price action Friday and today violated this downward trajectory.
Second is the rounded bottom around $18, which took shape in the fourth quarter. This suggests new support has emerged as the bearish trend fades.
Such a squeezing range may have reflected an equilibrium between buyers and sellers. However that neutral market took shape before inflation worries caused the broader market to stumble . The newer (and less bullish) normal is potentially more favorable for a safe haven like gold.
Next, traders may view the November high around $21.19 as resistance. Can GOLD close above that level?
Finally you have some interesting relative strength because gold miners are up about 5 percent in the last month, while the S&P 500 is down about 5 percent in the same period.
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Possible 50% to 100% Bullish RunI honestly think this is the run we’ve been waiting for, for a while. Looking at the trendlines from Jan 2016 to Sept 2018 we see the first bullish pennant forming. Then from June 2019 to today we see the same pennant forming, and close of trading last Friday we see the first true break from the trend. Furthermore, with each true break we see a bullish run of above 50% occur over three times, all of which happened within a span of two months or less. I can truly see this trading above 26 by April 2022, specially with inflation running rampant and the fears of a bear market overwhelming traders thus a possible switch to the good old commodities. Only time will tell.
Buy $GOLD - NRPicks 03 DecBarrick Gold Corporation is engaged in the exploration, mine development, production and sale of gold and copper properties. They are located in Argentina, Canada, Côte d'Ivoire, Congo, Mali, Tanzania and the United States.
Revenue TTM 11.9B
Net Income TTM 1.9B
EBITDA TTM 6.3B
EBITDA Margin TTM 53%
Debt/EBITDA TTM 0.8x
