GODDB trade ideas

02:41

McGuireTO

Keeping an eye on ABX.TO tomorrow, we have a daily bullflag setup and currently consolidating on the 2hr chart in a Cup & Handle pattern. Bulls are looking to confirm the bull flag and want to do so one more than 1.4 million shares on the first hourly candle tomorrow - I want to see volume behind the breakout to confirm its real

philrego

Buy a clean break of the neckline

EminiOs

abx

plechaty

Possible path

JohnSp

ABX(daily chart). At Support, 200 sma, Bat.

chaching23

$GLD $ABX $GDX levels to watch for possible profit taking or exit as time can limit the typical trend following

MysteriousPersian

in tandem with gold. looking for furter move up

02:09

McGuireTO

I'll be watching ABX.TO tomorrow for a potential swing entry. My entry stop will be below the last hourly support and if I do take this trade, I will monitor any SPY consolidation to ensure my position is not in danger. Key resistance 17.40

DefiSenpai

asdfasdfadsf

AST

Moment of truth. Next week we will se if Barrick Gold has found its bottom. Strong buy is my recommendation. good luck to all an especially myself :-)

dzhanalyst

Chart is clear enough to understand the buy logic. Happy Trading

DrLotto

Thx @curiousbuild : you said about $XGD.TO. I did some research $XGD.TO and $ABX.TO. Now I'm very bullish on ABX and gold miners as well. At least touching magic point !!

penniestothousands

indicators good

Nate7

The stock price of Barrick Gold Corporation (ABX) as traded on the TSX.

GeorgeJimas Updated 

Look for strong resistance at the $25.40 area, with retesting the bottom of the channel. This has broken out of the bearish trend from August of 2016, with RSI trending up (clear bull divergence here).

W.D._Goon

The Dollar/Commodity relationship has resulted in a long downtrend for some commodities since 2014. What's interesting though is that Gold seems to have been trading in the same range since June 2013. If this consolidation breaks up, we could be facing some interesting times. Although I wouldn't be betting on commodities with a DXY continuation still possible,...