Barrick Gold prepares to jump Long

Barrick Gold CorporationNYSE

Description

⋅ Nov 24, 2020 6:37 PM

Barrick Gold approached a key confluence zone paralell with XAUUSD. As the fundamentals are the same and seasonally the year end is strong for gold, I am calling a buy.

Comments

pleasantMagpie

⋅ Nov 24, 2020 7:29 PM

22.50t this looks like a good area for a support bounce!

pomoziadam

⋅ Nov 24, 2020 8:23 PM

Definitely! I have a position.

pleasantMagpie

⋅ Nov 27, 2020 1:54 PM

@pomoziadam, I just jumped in @ 22.57...just 50 shares, fingers crossed!

pomoziadam

⋅ Nov 30, 2020 7:01 AM

@pleasantMagpie, nice entry, I think we will preferably see higher prices from now. Check P/E, also very low compared to others in sector.