Gold is still perceived as a storehouse of wealth, even if it is increasingly less intrinsically useful. And, in our turbulent times, it's no surprise that as our equities markets tumble, investors are looking or safe havens. Gold and metals will remain one in the vacuum of other options.
NYSE:GOLD is looking good after earnings. It bottomed out well and seems to be ready for more gains, any pullback towards 21.2$ is a buying opportunity. Targets and anticipated price action are shown on the chart. I would trail stop this with the 20 MA.
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This is only my own view and not financial advice, do...
Buy at suggested Entry Price and cut loss if price goes lower than Stop Loss. Can take profit at suggested Target Price.
Entry Price: $22.64
Stop Loss: $23.27
Target Price: $22.01
The gold miners are smoking hot right now. I believe we starting a massive move higher in GLD and quite possible the greatest bull market of our life time.
Barrick Gold Corporation, which engages in the exploration, mine development, production, and sale of gold and copper properties looks like a safe haven just in case of a war.
The DIVidend YIELD at 1.63% and P/E ratio at 19.94 look decent.
My price targets are $24.80 against inflation and $29.60 in case of an escalating conflict.
expect the GOld price to follow.
sometimes GOLD leaders the miners and
sometimes the miners lead the metal.
strong daily surge in barrick SP today.
US 10Y is at a criticial point too.
lets me watching these 2 indicators in the coming weeks.
Last week, we cited the potential breakout in the SPDR Gold ETF. Today’s chart shows a similar pattern in miner Barrick Gold.
First, consider the series of lower highs since August 2020. Then notice how the price action Friday and today violated this downward trajectory.
Second is the rounded bottom around $18, which took shape in the fourth quarter. This...
I honestly think this is the run we’ve been waiting for, for a while. Looking at the trendlines from Jan 2016 to Sept 2018 we see the first bullish pennant forming. Then from June 2019 to today we see the same pennant forming, and close of trading last Friday we see the first true break from the trend. Furthermore, with each true break we see a bullish run of...
Barrick Gold Corporation is engaged in the exploration, mine development, production and sale of gold and copper properties. They are located in Argentina, Canada, Côte d'Ivoire, Congo, Mali, Tanzania and the United States.
Revenue TTM 11.9B
Net Income TTM 1.9B
EBITDA TTM 6.3B
EBITDA Margin TTM 53%
Debt/EBITDA TTM 0.8x
Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in...
it looks like gold has a solid buying zone with an interesting rising channel structure. What do you think of a bullish move and a potential breakout of the red trendline?
Silver is at $24.15 resistance. Gold is at $1841
Gold and silver advanced seriously this morning at around 9am 1-19-2022. Silver is at $24.15 resistance. Gold is at $1841. AG is up 12% today this morning. GOLD is up 7-8%
gold approaching this trendline resistance again, puts can pay if we see another rejection.
targets 21.01-23.38-24.98 if we finally break it! like and follow for more 💘
![GOLD: 01/03/2022 NYSE [GOLD]](https://s3.tradingview.com/4/4rngKEzL_mid.png "01/03/2022 NYSE [GOLD]")
