GOLD has broke the previous trend line, going to test the next trend line at the 0.382 Fib level, that is the 20$ level, gold prices are at levels high, Barrick Gold predicts good earnings report at 13 February 2024
@BarrickGold is lagging behind Gold's bull run with much room to play catch-up. During the COVID pandemic, a lot of miners did not have the capacity to stay afloat and they were forced to shut down. This gave miners such as Barrick Gold a fresh market to supply as the demand for gold by central banks and retailers skyrocketed.
Gold has the potential to trade above...
Barrick Gold (GOLD) closed the most recent trading day at $15.81, moving +0.44% from the previous trading session. This move lagged the S&P 500's daily gain of 1.06%. Elsewhere, the Dow saw an upswing of 0.93%, while the tech-heavy Nasdaq appreciated by 1.2%.
The gold and copper mining company's shares have seen a decrease of 5.41% over the last month, not...
Gold got a bit ahead of itself the last 10 days or so, gold miners such as Barrick are overbought here and due a retracement. Expecting $15.92 and as low as $1549 before going higher
Hello There!
Welcome to my new analysis about a Major Gold-Mine Gem I recently spotted forming worthwhile underlying dynamics that have the potential to transform the whole chart price-action into a massive expansion-dynamic to elevate the volatility to levels not far from the moon. Gold has been around for several thousands of years and with gold also the...
Analysts at the Ameriprise Financial Inc. investment firm note that there is no correlation between the dynamics of gold prices and the interest rates set by the world's leading central banks. These indicators are currently at their highest levels since the 2008 crisis.
However, gold prices are still near their all-time highs, which suggests that large...
Long term pattern in Gold since 2013. It looks like there is a clear pattern in this bullish channel on Gold. I will be patient and wait for the right moment.
P.D. my ideas are not trading recommendations.
I noticed every time Barrick Gold and the US 10 Year touched on this chart, Barrick Gold shot up, and it looks like they are about to touch again. Not advice do your own DD and what is best for you.
Is the downtrend of gold miners stock resuming after the "bull run" from Aug 19 to 30? My primary analysis is based on Elliott wave. But it does not hurt to use candlesticks as an auxiliary one to reinforce it.
A textbook example of the evening star appears in gold barrick. A gap up from Aug 29 to 30, with a large green candlestick on Aug 29, and a gap down...
If you haven`t bought GOLD prior to the Double Top:
Then analyzing the options chain and the chart patterns of GOLD Barrick Gold Corporation prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.96.
If these options prove to be profitable prior to...
Looking for quite a large rally here, sure there are better plays IMO like First majestic silver, but this is a safer play. And I'm pretty sure if you're Canadian that you will get eligible dividends.
Anyway, the chart speaks for itself.
At the end of a falling wedge with a double bottom and RSI just coming out of oversold.
Barrick has reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. The Company remains on track to achieve full year gold and copper...
Possibilities of the future are sometimes hidden in plain sight...
#bitcoin
WALL (support turned resistance)
25 years later, still below that wall
very similar to bitcoin chart
from
penny stock to
fully matured stock
This gold miner has a lot of cash flow and actually brings in some income, which are two traits that are quite rare to see in gold miner stocks. Though it does trade at a very high P/E, it still appears to be a financial rarity within the sector, and therefore the Barrick Gold Corporation has caught my attention, and I would expect that this one will be among the...
