Long
Barrick Gold long
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 secondary up-trend.
Furthermore, you can see two important support zones: 23 $ and 26 $ which support secondary up-trend.
Indicators:
BB: Trend is moving above upper band which is normal trying to break resistance, bullish signal (Or overbought)
50 SMA: Trend is moving abvoe, bullish signal
20 SMA: Trend is moving above, bullish signal
200 SMA: Trend is wide moving above, bullish signal
RSI: Crossing under 80, bullish signal
MACD: Crossing, tendency up, bullish signal
1. Wait for breaking resistance and buy in around 29 $, SL set on support zones
2.Option play: Bull put, Strikes around support zones. short time
Good luck for your trading :)
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 secondary up-trend.
Furthermore, you can see two important support zones: 23 $ and 26 $ which support secondary up-trend.
Indicators:
BB: Trend is moving above upper band which is normal trying to break resistance, bullish signal (Or overbought)
50 SMA: Trend is moving abvoe, bullish signal
20 SMA: Trend is moving above, bullish signal
200 SMA: Trend is wide moving above, bullish signal
RSI: Crossing under 80, bullish signal
MACD: Crossing, tendency up, bullish signal
1. Wait for breaking resistance and buy in around 29 $, SL set on support zones
2.Option play: Bull put, Strikes around support zones. short time
Good luck for your trading :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.