BARRICK GOLD CORPORATION - 1h - Longwe can see a possible triangle formation, we need that the superior support is not lost
Trade ideas
Who said tha Gold is dead? Possible reversal and uptrendI think $GOLD is bullish and may fit also a narrative, the gold spot value is bullish, hedge against inflation, plus bitcoin, plus hedge against correction in the equity market or volatily.
Price target is difficult since Gold is a slow mover. Let's say 24$.
Gold Miner Barrick Gold on the long runThis is my Idea for the Gold Miner Barrick Gold on the long run, based on Elliott Wave Counts and Fibo Extension.
Please let me know what you think about it.
Best Regard from Germany
Gold-Esel
NYSE:GOLD Barrick Gold : BUY, Target 49.26 (+65.58%)NYSE:GOLD Barrick Gold Stock :
BUY,
Entry 29.75
Target 49.26 (+65.58%)
Stop 25.69 (-13.65%)
Note: Mining shares look strong and good. They seems to be supported by some big men. If they soar over 49.26, it means they will rise very high. In my opinion, it's time to buy gold mining stocks. Key prices are 25.69, 37.39 and 49.26.
Barrick Gold We are in an environment where precious metal should thrive. Past 6 months Gold, silver, miners, etc have been lagging behind. Did Bitcoin replace gold and silver? No! We still need metals especially silver.
Weekly Barrick Gold chart looks bullish. Price is bouncing off 200 MA, broke out of and retest falling wedge.
Pays a dividend on top of it all.
Not a bad long term bet imo
neutralShort term bullish, long term bearish.
I think we could go abaout 15 before we will hit all time high.
GOLD Barrick WEEKLY chart possible $31Gartley Harmonic Bat GOLD Weekly chart. Will it climb to $31? Thoughts?
Are gold stocks like Barrick Gold cheap enough yet ?waiting to see signs of life in gold stocks. below moving averages still and no signs of upward trend yet. but willing to consider buy stop orders to get pulled in as rises, IF RISES.
ONCE BITCOIN COOLS OFF, WHERE WILL THEY GO?LONG TERM THERE IS LITTLE DOUBT THE GOLD CYCLE WON'T RESUME IT'S BULL RUN.
With commodity prices skyrocketing due to the potentiality of real negative rates (regardless of what they say) these plays will be a substantial part of my long term.
Barrick Gold's Quarterly Log ChartBarrick Gold's bullish megaphone with a 70$ - 85$ target range in 2023.
A convincing Q2 close above 21.35$ confirms move upwards.
GOLD MARKET UP BIG 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
Long gold! bounce off previous support and double bottom on RSI, good risk reward here, long 20 stop loss 16.5 price target 28-30 longterm swing play here!
Long GOLD, it is cheapI have a long term gold (commodity) analysis, where it could hit 3500+ easily within the next 10 years.
