We think that there could be a lot of downside in the pipeline for Barrick Gold and here it has printed what appears to be a mini blow off top out of a bearish ascending channel.
Hitting the 0.5 retracement and gapping up through the 200DMA, this looks ripe for a reversal.
If dollar shows strength and also markets crash then this could have quite a big fall from...
NYSE:GOLD
Daily chart: Price cross above SMA 200, bullish confirmation candles.
The pair has been trending upward on the daily chart .
Price is making higher highs and higher lows overall.
Price recently hit a top of resistance, which then quickly reversed, which than price rejected EMA21 to the upside.
Bearish candlestick formation starting to form.
Entry...
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
BARRICK has been forming
this long term triangle for a long time.
over 10 years. when this mofo breaks out
expect a high move higher. a long run mofo run higher.
the longer price stays in a range, the bigger the breakout
will be.
the 2W chart shows a setup so strong.
get your long positions ready .
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...
Some years ago, I was in between putting a big position on in SLV or GOLD (formerly ABX) at the $17 level. Both were equally priced. Barrick far outpaced SLV into the forthcoming rally and I regretted not buying it at $17. At $14 - 15 this week, I opened a long position. One thing I read and liked is that future Barrick dividends will include participatory...
Gold recently had a bear cross and the price dropped a little bit, however each time the price goes up and down GOLD is closer to a golden cross which is an indication of a bull run.
Barrick Gold breaking down out of a rising wedge after being rejected off the 200M MA. If this is a 1:0.618 ABC correction, the target is: $7.78 which intersects with a high volume node on the volume profile. If this is a 1:1 ABC correction, then the target is $3.3, which does coincide with a long term 0.618 fib. Not a bullish outlook for the best inflation hedge imo.
(GOLD) Barrick Gold is near it's 12 month lows. I find this to be a smart entry for a long position. Barrick Gold corp. is the world's largest mining company and has a $36B market cap, p/e ratio = 15 1/2 and a div/yield = 1 1/2. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of...
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....
Today we take a look at Barrick GOLD #GOLD
Within our private community we have been recommending BARRICK GOLD as a Long term buy
Barrick GOLD is a mining company
Technically we LOVE what we are seeing... Where do we start
For starters we can clearly see a Bullish Head and Shoulders on the larger time Frame.
To double the BULLISH sentiment Barrick GOlD offered...
Complete 180 view on Barrick Gold - See linked Idea
We closed out Barrick Gold back at $25 and we have a new different perspective.
Now we see it as a double top, head and shoulder with rising bearish wedge pattern as illustrated.
All structure are pointing downwards taking Barrick Gold (Mining Stock) down to $3.25-$4
There may be another attempt at $30 to...
We are struggling around a zone that has been a battlezone for almost 30 years. The price comes back to this level since 1992! If we can consolidate here we have a good chance to make a bigger regain.
