The idea has a broader context, i still have to publish related ideas that makes me believe that gold has this final rally before a significative correction. Targets are shown at chart.
Possible SHS Formation in Barrick Gold playing out, with Gold Prices expected to stabilize in the 1000-900 NYSE:ABX
$ABX has been in the news of late, and given the downside volatility burst, many advisors are now telling retail and institutional investors to buy into the ABX relative value play. Experts have been saying this almost every time a new low is printed -- averaging down or piling in just because price is relatively cheap is a sure way to loose money, particularly...
Barrick is in trouble. Wait for a break up above $17 before starting to accumulate in order to avoid the potential for more downside. Conservative take profit sell target is $36.
We formed a nice tribble bottom. MACD moving up. looking very strong
Weeklychart triggerd bullish. Gold move up Goldcorps still did a 20% move Barrick Gold should move too