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.
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 GOLD - BARRICK GOLD CORP technically based idea, we can see price is bounce from bottom trend line,...
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.
Largest Head and shoulder in history
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...