Barrick Gold slowly advancing

Within the ongoing three-wave pattern, the magenta wave (C) is expected to give the miner another boost, ultimately completing the green wave [Y] just below the resistance at $54.74. The following wave [X] should then pull the stock back toward support at $30.35, from which wave [Z] is likely to start again. This move should once again lift Barrick higher, with the blue wave (w) projected to finish well above the $54.74 level. There is, however, a 30% chance that wave Alt.(w) could wrap up imminently. In that scenario, wave Alt.(x) would push price directly below $30.35, but would still bottom out before reaching the support at $5.95.