Ever heard of the Barrick Bears? They are a great team, which should help to push our primary scenario for Barrick. Currently, they have to fight against a little bullish counter reaction, but soon they should drag the share below the support at $12.65 and into the yellow zone between $11.97 and $6.32. There, wave (2) in yellow should end and therefore a fresh...
Barrick still has got heaps of digging operations to do. The share should continue the downwards movement it has started from the last high of wave (iv) in blue and drop below the support line at $12.65. Thereupon, Barrick should enter the yellow zone between $11.97 and $6.32 to develop wave (2) in yellow, whose low should then complete the overarching downwards...
Good long term investment here as we see a macro bullish harmonic with a mini fractal. Harmonic targets in confluence with supply zone (red fib levels) Accumulate and enjoy your retirement
Although Barrick is currently showing some upwards tendencies, we're expecting the course to drop further below the support line around $12.65 to finish the yellow wave (2) within the yellow target zone, before heading above the $12.65-mark to carry on with an upwards trend. If Barrick urges to surpass the resistance line at $26.07, our alternative scenario will...
The bears have grabbed Barrick and are dragging it along southwards to the warm and sandy beach strip between $11.97 and $6.32, which is seated picturesquely below the support at $12.65. Once there, though, there’s not too much time to relax but also work to be done: Barrick should finish the long-term corrective movement in the form of wave (2) in yellow....
The bears have already shown their potential regarding Barrick Gold and should continue to do so. We expect them to drag Barrick further down below the support line at $13.01, where wave (2) in yellow and thus the overarching downward movement should end. There remains a 35% chance, though, that the bulls could intervene and challenge the bears’ claim. This...
Though the price has recovered a bit, we are still far away from announcing the end of the correction. In contrary, there is plenty of room left on the downside. In total, we expect the course to drop below $13.01.
Down, Down!
Next to coming up with semi-funny puns, we also analyze mining stocks. For Barrick Gold Corp, we expect the price to fall below $18.64 first and then even below $13.01. A long bearish run is, thus, continuing. A breakout would realize above $24.95 and has a chance of 30%.
Wait for the opportunity!
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...
