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.
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Stop loss triggered!! Sold off all my positions on GOLD there is no more support anymore after losing $24.40 support looks.
FALSE BREAKOUT CONFIRMED!!!! Price action was up Friday but I knew it was just a set up. We have no help at $23 we are going straight to $20 for the holidays.
-Bay Area student in the Making.
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XAUUSD is holding for dear life at $1800. If we lost this last support we are going to $1700 which means GOLD will be going to $15 soon.