Barrick Gold: Scary! 🎃🎃🎃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! Shortby MarketIntel114
American Barrick (Gold:NYSE) ....(My Game Plan) 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 $27 level. If things fully work out, and they rarely all do, this idea thus carries a 10:1 reward ratio. Now you have to like gold in general and gold shares in particular to even consider this trade. Barrick's price momentum seems extended and subject to weakness. Barrick recently increased their dividend and one should expect more as major gold companies are experiencing major free cash flow surpluses. 2 points to consider in the shorter term: 1) We have a small gap above here which may be filled and 2)the completion of an ABCD leg may draw in some bottom feeders. If we take out the dotted blue line I may have to reevaluate my thinking. This is a 4 hour chart. Watch the broad market, the Gold price and the GDX for further directional clues. As always this is not investment advice and do your own due diligence on any positions. We are coming into a period of characteristically rapid turmoil so don't be married to any position or view and be nimble. If in doubt... stand aside !! Good Luck S.Longby Steve666110
Barrick GoldEntry: 18.16$ Target: 18.68$ Stop: 18.02$ Risk-Reward-Ratio: > 3:1Longby Cape-Peninsula-Capital1
Short position Gold.We observe a short position which will continue and reach 18.91 USD.Shortby mohammed90080
GOLD swing trade GOLD *MAY* go up as the market corrects, because some people may start to shuffle money around. There are two concepts behind this trade for me. On the interim, its a speculative play, based on potential correction in the overall market, bringing gold stocks up a bit, which I would benefit from. Otherwise, ABX (Canadian) and GOLD (US) both representing Barrick Gold corp are trading at the lowest they had in one year. The price, is quiet attractive, even as a long term hold. For this trade, I am not setting a stop loss. As a matter of fact, I will accumulate at key levels of support at the stocks come down. The idea is that one day some day, circumstances will be such that gold prices and stocks will get me a return. 2 things to note 1) accumulation strategy requires the ability to average down numerous times, so keep initial positions small so you can be liquid. For me, i'm starting with a small position which allows me to accumulate aggressively in the future. 2) Gold is not what it once was, sadly because of bitcoin and other types of currency. There is too much to bet on, and gold is not that "safe heaven" it once was according to some investors. Either way, Barrick is trading well below avg analyst value. I am making the exception to accumulate on this one. Longby tsx_trader0
GOLD long, ready to HIT 2020 last highThink that money is starting to flow to assets like Gold, in the chart we can see a double top and a descending triangle. In my opinion we are heading to $30 level. Then we are going to break 2020's high.Longby BrunoCrypto230
Gold Stock next positionmy Analysis of gold, to sell of short strategy and fast action average for small benefits Shortby rabiel011
Getting ready to POP!!!Divergence and double bottom. Following the metals. Inflation talks. Afghan crises. Covid-19. WTFLongby G-Smoothie9
GOLD Trading Plan - 25/Aug/2021Hello Traders, Hope you all are doing good!! I expect Barrick Gold to move UP after finishing the correction. If looking for investment, look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.Longby For3xScalper2
Barrick Gold Corp: Bear in Mine! ⛏⛏⛏Next to coming up with semi-funny puns, we also analyze mining stocks. For Barrick Gold Corp, we expect the price to fall below $18.64 first and then even below $13.01. A long bearish run is, thus, continuing. A breakout would realize above $24.95 and has a chance of 30%. Wait for the opportunity!Shortby MarketIntel222
Deflation crisis we are waiting for...Media is pushing inflation but the next crisis is going to be deflation. Final sale of our lifetime is coming. Keep your powder dry...Shortby BigPippinSpendingGs5
Barrick Gold with the Three Rising Rivers and Bump and RunJust a quick chart with lines on it for Barrick Gold Three Rising Rivers Bump and Run Unsure targets at this pointLongby KondrackiKarl4
Barrick Gold #GOLD Buy Long TermBarrick Gold fundamentals are amazing, due high volatility stretch the stop loss even a little more so manage well your position size, great alternative for inflationary marcketsLongby dondanicorleoni2
Barrick Gold - updateIt is likely that we are in a flat corrective pattern, implying a downtrend until the end of summer. Summer 2022 :) Shortby UnknownUnicorn3382580115
Barrick Gold can resume its bullish trip soonLooking at the weekly structure of GOLD stock, the chart tells me that this great gold miner company can trigger soon a buy signal. 200EMA, strong support, trendline, counter TL break, short term bearish structure break and fibo 78,6 on the latest momentum all supports the entry. Fundamental side, if I step back a few, the pictere is still very bullish for precisious metals and commodities for the coming 1-1,5 years. Huge money supply and inflation expectations are both still valid for a while. Let the market decide if this thinking is wrong or not. Cheers.Longby pomoziadam6
Barrick GoldThe price has formed a positive divergence at a significant support level . Aggressive traders can enter immediately or a confirmation of a reversal pattern at the support area can be used as entry. The stop should be placed below the support area and the parabolic SAR daily chart (default settings) can be a guide for the stopmanagement.Longby Cape-Peninsula-Capital0
Is GOLD Getting Ready for an Impulse Wave 3?Ongoing practice with charting. Looks like CAPITALCOM:GOLD NYSE:GOLD is getting ready to impulse up on Elliot's Wave 3. Referencing Wyckoff's pattern of events and phases. Heading up for a test. Not financial advice; opinion onlyLongby ashleycam3ron0
$GOLD quick analysis bearishGOLD looking bearish, let's see if we can get a trend reversal. Most likely building a spread hereLong02:07by jcoulam2
downtrend bear market, uptrend bull Market. H and S inversedowntrend bear market, uptrend bull Market. H and SLongby chart_dude4
Gold for longBarrick Gold and the underlying Gold material are in an clear uptrend. Try to get it a little bit cheaper, to target 28.50$Longby smoki990