The breakout of diamond formation is very bullish. here are some levels i am targeting.
bigger picture. looking for higher H's but cool formation $GOLD $ABX.CA $GDX $GLD
on the verge of a big breakout after a massive consolidation. $GOLD $ABX.CA $GLD $NUGT $GDX
Wait for resistance break :)
I'm long $GOLD here, from a tad lower. I think this miner is primed to rally from this juncture, potential upside is very good if it manages to climb above Key Earnings Resistance above. We can hold for an extended period of time as long as we bottom here in the short term. Best of luck, Ivan Labrie.
90 % TRADE PROBABILITY. TARGET 14.6 STILL ACTIVE. BARRICK GOLD CHANGE DENOMINATION TO GOLD BECAUSE GOLD WILL BE PRETTY REQUIRED. ENJOY.
Yet I'm long Gold long term, but, you know positioning is what helps you to avoid low R/R ratios. We are way too far from what a breakout should be. I'll sit tight.
You don't know where it is going but you can track the way it came where it is now. If you are short Gold, well, I guess you are probably new here.
With all the turmoil in the world the precious metal prices are rising! On a weekly timefrime you can clearly see a ascending triangle forming in the gold price. If breaking the 14 resistance Barrack gold can go up 30% to 18.30. This is merely my opinion
BARRICK GOLD CORPORATION pulled back like we said in our initial post under ABX. NOW... Daily and Weekly Charts are BULLISH On the weekly... On Balance is trending up - BULLISH Accum/Dist Trending Up - BULLISH PPO Trending Up - BULLISH Stochastic is starting to turn up - BULLISH RSI is just under the center line getting ready to move above - BULLISH MACD...
Interesting basing pattern on Barrick. Could go to 18
Nice Bullflag on this gold mining company. Also being supported by the 50MA. Should go up to 14 or so when it breaks out