Gold (Barrick) before rising 92%. The exchange rate appears to be moving in an accumulation area. Technically, the figure shows that the correction lower levels doubled in percentage (yellow rectangle). It can also be seen that the fractal rising wave sequence (green rectangle) also doubles. Conclusion. We have an accumulation phase, we have a doubling correction and we have a doubling wave sequence. The next wave sequence may be a rising wave again, three times its original size. As a result, the target price for further rise of the exchange rate is 33.50usd
Do you still see this projection likely given the circumstances now?
Captain_Walker
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I had missed that post. It is a pretty sound assessment and projection. 👍😀
meszaros
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@Captain_Walker, Thank you very much. This year, Barrick Gold will repay its debt. It will have zero debt in the years to come. The price of gold is 3000usd, the GDX 100USD, the stock of this company may rise to 120-130usd. (Like the Tesla rocket).