long, DXY and Gold should confluence at close on Monday
Gold is cheap. Can it go lower? Of course it could. However, I see more upside risk. There is symmetrical triangle building up. I drew potential break-out road for this pattern based on existing trend lines. Share your thoughts
-Divergence of RSI MACD STOCH against the general downward trend, similar to late 2018, -lows holding, highs descending between 32%and50% RT -similar to 2018, same as gdx -ONE dirty dirty DIRTY heart crushing gap from the Spring rebound (not on chart) I'm like NASCAR, left turns only please.
S E L L - Get out now if you can before the new year. Cause this stock is totally bearish, just look at the chart, all it says is , um meh.
Expected move to the monthly demand zone and channel support. Long term bounce and continuation of channel to follow.
TF: Week Barrick Gold looks to possibly broken back into the upwards moving long-term trend. If price can move past this current resistance area, I think we will visit the highs of 2008 to 2011 over some time.
Hey my MoneyTraders, price is testing a very strong resistance and currently trying to break through. The current strong trend looks parabolic and resistance seems to loose the success rate. The next breakout will give us a great opportunity to follow the trend. LEAVE A LIKE AND A COMMENT to support my work. :-) Peace Get rich or die trading
Barrick Gold looking bullish and continuing to move upwards. Looks like close to a wave 3 right now.
Hello traders! In this trade I expect this stock to drop a little before going up. In fact, the MACD is showing that the momentum is getting weaker but I am confident that the drop will not last much because of the current situation in the market. Remember that gold is a safe asset! The targets are placed in correspondence of possible stock...
Algo GZ + high EW probability area +1H Vegas waves + Oscillators OK + Volume OK
Green box: 26.05-26.57 Beware of a potential expanded flat in gold prices which would invalidate this count in Barrick Gold.
GOLD Barrick consolidating below a big resistance trendline. It could be within a triangle 4 (confirmed by volume, unlike the commodity?). EW geometry not ideal. Green box #1 is 25.67-26.23.
Could Barrick Gold make a multi year Leading Diagonal? Could we see $37 in Sept 2021 hitting the 161.8% extension of wave 1? Then to retrace 38.2% by March 2024 to $24 before finishing the leading diagonal at $55 in March 2026 Could the leading diagonal end at the previous ATH back in 2011? Such a long term estimate is difficult but I would like to come back to...
We do not play gold stocks. So here's a tip for everyone. Today, Barrick popped up on one of the scans we run. On the daily chart, the 50 Day MA is crossing up and over the 100 Day MA. PMO, MACD, RSI and Stochastic are all BULLISH - (In an uptrend) For anyone interested, here you go! Best of luck with your trades!
Después de un patrón de corrección de medio tiempo, GOLD se prepara para ir a nuevos máximos... alimentado con el conflicto de EEUU e Irán...