As my last publication on Barrick Gold Corp mentioned, GOLD has some very nice fundamental metrics. Especially compared to its competitors in the industry with similar market caps, GOLD stands out as a leader . I have taken quite a bit of profit this past week to protect gains, as well as closed out some losers. I did have some hedges which helped but I was...
Forming a ugly pattern. It might be signaling a deflationary collapse in equity prices (liquidity crisis) on the horizon. Especially when everyone is saying "inflation inflation!" Markets will likely go the opposite and will wipe out all the "inflationary" and "pent up demand" traders. Remember there's never enough money in the system for everyone when they need it.
I would expect this will bounce to at least gap fill mid -27. Short term bullish with gold set up a reversal hammer.
I am still in this position, but Barrick Gold is now in decision to go up or downwards... If current support level will not be defented, it will go down to lows of 2019, if it goes below 18$ I am now from Long -> Neutral, but holding my position for some days.
I opened a LEAP call option with strike price of 40 if I am not mistaken. Willing to accumulate more should it continue to come down to $20 on the share price. This was one of Warrens only Canadian holdings through out last year. It is trading at a massive discount. It is a great hedge against a bearish market on the long side. The case against it would be...
Williams Alligator Indicator shows the lips, teeth and jaw lines moving downwards and further away from each other, indicating GOLD is in a downtrend and experiencing bearish momentum. RSI shows that GOLD is oversold, therefore, it might be prime for a trend reversal or price correction. MACD line is under the signal line, and both of them are under the...
Barrick Gold coming into demand zone and could be a potential pivot point for a long if this zone holds up, historically its a strong support.
NYSE:GOLD Request for analysis on Barrick Gold on Monday 22 February 21. Here's What I think. Tuesday 23 Feb 2021 Looking at the Weekly Chart It looks as though Barrick Gold Has finally found Weekly Support. After a Long Decline. Note. The Fib retracement Price has hit the 61.8 Retracement Exactly. Would Like for Price to Close Above the Weekly...
Gold was on the pressure in 2020 and maybe now be cheap. Barrick gold has a good standing and may be benifical on current price to be a buy. All depends for sure on the gold price, which is currently under pressure. But silver and platin are already on it way up, also copper is in a massiv uptrend. Possible wins possible, if gold price lags behind the trend.
Rising rates on the long-end are bad for gold and gold miners. If you want to make MONEY stay long copper and nickel miners (FCX, VALE, BHP, etc.). Also heavily long energy and financials. Don't get stuck with Peter Schiff, you will regret it.
Barrick Gold has dropped a lot recently and could be due for a bounce soon. But the monthly chart of this stock doesn't look good at all. The most recent rise looks like a corrective rebound and eventually more downside coukd be in play. Big money moving out of big cap gold stocks into Bitcoin ? It might be part of the explanation...
Asset and Time frame -GOLD,Daily&4H Entry Price - 23.5699 Exit(Stop Loss) -22.05 Exit(Take Profit) -29.38 Technical Analysis - Price broke daily confirmed trend line and made an ABCD pattern on the daily Fibonacci -61.8 level, also we are sitting on a very strong support line What can be improved & Conclusion & End of Trade -
Head shoulders, Positive div on multiple indicators, low risk.