BARRICK GOLD LONG TERM LOOK - RISING CHANNEL Expected move to the monthly demand zone and channel support. Long term bounce and continuation of channel to follow.
Barrick
GOLDTF: Week
Barrick Gold looks to possibly broken back into the upwards moving long-term trend. If price can move past this current resistance area, I think we will visit the highs of 2008 to 2011 over some time.
BARRICK GOLD CORP with a great BUYHey 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
Barrick Gold goo start to impulseBarrick Gold looking bullish and continuing to move upwards. Looks like close to a wave 3 right now.
BARRICK GOLD CORPORATION: retracement + impulse Hello traders!
In this trade I expect this stock to drop a little before going up. In fact, the MACD is showing that the momentum is getting weaker but I am confident that the drop will not last much because of the current situation in the market.
Remember that gold is a safe asset!
The targets are placed in correspondence of possible stock resistances
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
Long Opportunity in Barrick GOLD. It's Coming Back!Algo GZ + high EW probability area +1H Vegas waves + Oscillators OK + Volume OK
GOLD Barrick Long Setup (1H)Green box: 26.05-26.57
Beware of a potential expanded flat in gold prices which would invalidate this count in Barrick Gold.
Long Opportunity in GOLD (Barrick)?GOLD Barrick consolidating below a big resistance trendline. It could be within a triangle 4 (confirmed by volume, unlike the commodity?). EW geometry not ideal. Green box #1 is 25.67-26.23.
Barrick making a multi year Leading Diagonal? $37 by Sept 2021Could Barrick Gold make a multi year Leading Diagonal?
Could we see $37 in Sept 2021 hitting the 161.8% extension of wave 1?
Then to retrace 38.2% by March 2024 to $24 before finishing the leading diagonal at $55 in March 2026
Could the leading diagonal end at the previous ATH back in 2011?
Such a long term estimate is difficult but I would like to come back to this in 2021-2022
GOLDEN CROSS - 50 DAY MA CROSSING 100 DAY MA - BULLISHWe do not play gold stocks. So here's a tip for everyone.
Today, Barrick popped up on one of the scans we run.
On the daily chart, the 50 Day MA is crossing up and over the 100 Day MA.
PMO, MACD, RSI and Stochastic are all BULLISH - (In an uptrend)
For anyone interested, here you go!
Best of luck with your trades!
GOLD Va hacia nuevos máximos!!!Después de un patrón de corrección de medio tiempo, GOLD se prepara para ir a nuevos máximos... alimentado con el conflicto de EEUU e Irán...
GOLD (NYSE) long setup 1:3 risk with multiple targetsGOLD is a gold mining company, Barrick Gold Corporation. GOLD broke out the resistance and stayed above it. I'm expecting more up move. Winning probability of this trade is less than 35%. I am going to trade this setup with a proper risk management.
GOLD LONG SETUP:
1. Entry: 16.76 (or market open at 29th Nov 19)
2. Entry: 17.23
Stop-loss: 15.96 (0.8 pts)
1. Target: 18.96 (2.2 pts - 2.75 R)
2. Target: 19.97 (3.21 pts - 4.0 R)
Disclaimer: This is not a financial or investment advice.
Trade safe,
Atilla Yurtseven
FOMO in GOLD? Barrick is looking extremely overbought and in a FOMO stage. Weekly charts still show there some upside left. However, historical RSI levels are way too high. Also, if price action turns at these levels and shows signs of resistance, price will cool off. There wont be any real break out until it pops out of this downward channel that appears to be forming. Exercise caution if you are going long. Gold has been in a multi-year bear market. Is this the beginning of a new trend or simply a FOMO rally?
This is soo badGold ST trending down, Barrick is a bad position. Hope you didn't buy at support...even though I know you did.
P.s. You can compensate the loss by investing in Stocks
Barrick $Gold - Ready for lift off Barrick has been consolidating for a few months and is ready for lift off to next resistance
Tailwinds: SPX likely topping a head & shoulders pattern + DXY entering consolidation
Only for educational purporses
ABX Barrick Gold Corp. BUYBarrick Gold (ABX) Q1 Earnings In Line, Sales Beat Estimates. Technicals confirm bullish sentiment. RSI downtrend broke above. V bottom on higher TF. Coppock heading to break 0 line. FIB retracement 50-61.8%. Recently price of GOLD have stabilized finishing the downward movement since 2012. Expectation for appreciation in metal prices. Long-term BUY. Good Luck
Barrick Gold #ABX long term demand imbalancesBarrick Gold #ABX long scenarios at new monthly demand zones. Potential new demand zones being created off tested monthly demand zone around 14.00 which played out nicely. Long term buy setup at monthly demand around 8.00, very low at all time lows. Monthly demand level has a very strong bullish impulse. Shorts if upper monthly demand level is taken out
Barrick Gold (strong buy)Moment of truth. Next week we will se if Barrick Gold has found its bottom. Strong buy is my recommendation.
good luck to all an especially myself :-)
Barrick Gold #ABX long term buy at monthly demand at 8Buy Barrick Gold -1.98% at monthly demand around 8.20. Upper monthly demand zone has been tested, expecting bigger penetration and/or removal. Shorts until monthly demand is reached.
