Barrick Gold has failed a bunch of times at 19.10. If it can close above that level, it could get to 20.25.
Look out for entry between $16.5 - $17.5. Potential upside ~$13 or ~70% Forming Megaphone pattern from strategic stand point so can go even higher then $31.
Barrick Gold making triple bottom already showing signs to commence a rally up... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The Barrick Gold Corp. is a great diversification for your portfolio in times of uncertainty as investing in Gold should always be your go to choice whenever a hedge against inflation is necessary. Barrick Gold is mining it's precious metal all around the globe, aswell as it is trying to help society with charitable organisations. For sure a rock solid company,...
Overall, BTC and ETH are going downtrend: it is bearish in the coming 4-5 months. The same thing may be true for precious metals, gold and silver, the miner stocks I picked are AG and GOLD. Although the fundamental is good, they may go down in the next 4 months then go up.
Along with the new variant and factor inflation in. This is a good buy on the pullback to support.
Barrick Gold formed Inverse Head and Shoulder Pattern, and break out today. It might go lower a little bit and test the trend line in next few days or weeks. Eventually it's going to raise to $22.5 and test the strong resistance. Long term very bullish, target $60 by 2023.
congrats if you added on the bottom trendline dip entry! gold is now approaching its huge top trendline resistance, I expect it to break it and continue the rally to 26+ in 2022. goodluck, like and follow for more 💘
So on Gold stocks we are definitely gonna profit from inflation. But there are several factors which influence the amount of time and price range we can accumulate over. 1 short term scenario we bounce now 2 mid range we go down to 15$ 3 longer term shit because fed pulls of a rate hike = 5$ entry when we reach the lowest depression. Lets see what goes down.
I guess it should be self explanatory... 30% till middle of Dec.
Macro environment: With Fed continuing to print money, inflation is no longer transitory. Without a clear timeline for taper, gold will present opportunities for hedge. Even if interest rates are raised, market turmoil should also be good for safe havens like gold Technical Analysis: Previous 2x Falling wedges resulted in a price rebound within the trend...
Barrick showing buyers @ support trend line. buy this trend line support keep it simple
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We all know that moving averages, in particular, moving averages of closing prices tend to be highly inaccurate indicators and frequently miss major tops and bottoms. In backtesting, they tend to be accurate some 30 to 40% of the time which is to my way of thinking unacceptable. On the contrary moving averages of opens versus closes for highs versus lows, when...
Though the price has recovered a bit, we are still far away from announcing the end of the correction. In contrary, there is plenty of room left on the downside. In total, we expect the course to drop below $13.01. Down, Down!
I am looking at a American Barrick (GOLD) purchase opportunity on weakness at slightly lower levels. My trigger level is a PRZ (Price Reversal Zone) from approx $16.90 to $15.90 which would satisfy the completion of a bearish Crab pattern and the initiation of the final leg of Cypher pattern whose price objectiveiisi around the $27 level. If things fully work...
Entry: 18.16$ Target: 18.68$ Stop: 18.02$ Risk-Reward-Ratio: > 3:1