correction seems not over yet, some short can add to current move, GAP closing is possible attraction now
Be patient wait for it to move closer to resistance of the channel and buy lower-highs and sell at mid-top of channel at higher-highs. Its already below Moving Average which is usually a good buying point but I'm going to wait for a larger drop before I enter my position.
With the uncertainty of the economy due to the covid-19 pandemic, #gold should keep rising and at least test it's all time highs.
perhaps consolidation within triangle and gap fillig with downturn possible
In the middle of a channel for the month. Gold always does well in a bad economy, I am going to wait until its at the lower end and hold. If you look at the 25 year chart it is very undervalued due to unemployment levels, housing, and market growth.
The horizontal support\resistance around 22.50 seems to have great significance to Barrick Gold. Last time it consolidated below it for roughly 8 years was between 1997 and 2005, then it broke out, backtested 22.50 twice (black arrow marker), and went on to more than double in less tha 3 years (May '05 to March' 08). Not a bad trade for someone who doesn't want to...
the market was in a range, then it strongly broke the resistance and came back to do a PULL BACK. The yellow line is a VERY IMPORTANT support / resistance for this market, after its breakout the market can easily reach 43.
Posición larga en Barrick Gold aprovechando impulso alcista del oro.
Hey my MoneyTraders, price is testing a very strong resistance and currently trying to break through. The current strong trend looks parabolic and resistance seems to loose the success rate. The next breakout will give us a great opportunity to follow the trend. LEAVE A LIKE AND A COMMENT to support my work. :-) Peace Get rich or die trading
Here is an easy ta for GOLD long: Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance. On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume. Both compared could be play on Gold long.: S3 is showing bullish rally, S2 and S1 are forming trendlines for...
Barrick Gold looking bullish and continuing to move upwards. Looks like close to a wave 3 right now.
BEAUTILF ascending channel. Mr. Ichimoku is telling us that maybe tomorrow we will have a long position signal. Target = 28.30 USD. HUGE challege at 28.34 USD resistance.
GOLD has formed an inverse head and shoulders pattern, a break above the neckline will signify more upside.
GRAN reunion de traders gracias a todos fue excelente la participación ... analizamos mas de 20 activos $bma #gold $txar $come #ko $sami #nvda #ba #x #wti #hmi $mori $ypf $teco $ceco $trans $byma $dgcu $auy $ggal $merval $imv planeta trading by Versa