An Ascending triangle on Barrick gold? Looks like we r forming an Ascending triangle on Barrick gold ($GOLD $ABX)
I was considering selling my position on ABX but then i noticed this Ascending triangle if and when/ .
GOLD trade ideas
GOLD - BARRICK GOLD CORPORATIONBarric Gold always moved in strong trends. Im presenting Montly bars so consider this as buy and hold investment. It is as simple as that.
From Long To ShortThis is a big deal, There aren't many mines left. Nationalism is a two-edged sword, if you are going to start spouting it, you better get ready to take it.
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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 in resistance zone. Might pull back Resistance zone at 30USD. If it will not be taken it might pull back. Gold is currently building a triangle.
ABX Trend - The price movement is slowing down - Mid RangeThe canal broke last month and the trend tend to be bullish.
In the next few days we might see a clear trend appear and we might be able to use new information in a more glabal view to take actions.
To be honnest I'm gonna wait until an oppurtunity to open to jump in.
GOLD Barrick Gold Corp 1D CBOESell the news.
Warren Buffett bought GOLD (the miner ticker). Everyone knows this.
I'm a fan of GOLD, but, my chart shows a sell the news event occurred, and importantly -- now a drop at resistance (the lower channel line).
Barrick Gold Could Drop 8% To Fill GapLook carefully at the opening action today as a gap fill could be likely in the next few days.
Warren Buffett Bought Barrick Gold Stock Should You Also?It was announced last week that the CEO of Berkshire Hathaway, Warren Buffett, bought 1.2% of outstanding stocks of Barrick Gold between 26 & 27. Should you also buy the stock? I think you should follow where money goes... however, looking at the daily chart, immediately after the announcement, the stock price gapped-up thereby creating liquidity void. It will be good to see price filling this gap & any price rejection between 27 & 28.85 will be a better time to follow smart monies as long as the general market sentiments remain bullish.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Barrick Gold: more downside in storemost probably is to expect a further downside move to test the gap, consolidation holds on (triangle formation)
$GOLD Major GAP FILL at $27 On The Way Mr Buffet Or NotTitle says it all look at the chart - there's a 10% drop coming in this name $GOLD #Gold #silver #stocks
BARRICK GOLD & BTC USD CORRELATIONBy looking at the chart above, you can see a strong correlation between GOLD and BTC movement.
In-explainable, but the charts tell their own story. We just FOLLOW THE TREND.
My long term prediction is BTC will surpass gold and become gold2.0.
NYSE:GOLD BITSTAMP:BTCUSD
BITCOIN GOLD CORRELATIONAs much as we love to stare at charts and over analyze chart trends and lines, Bitcoin has often proved to be an exception. My personal opinion is regular chart analytics don't necessarily work when it comes to BTC. My short term prediction is a breakout . A great selling opportunity ahead in the next few days for short term and swing traders. Hopefully you didn't miss the recent buying opportunity.
I say this due to BTC's strange correlation with gold . And guess who has just changed their story - the Warren Buffet team (world's 15th most powerful man). Previously called gold an unstable asset and compared BTC to rat poison; he now invested heftily in gold ($563.6 mil) and plans to invest in BTC.
This is great for BTC confidence, publicity, but also great for the gold market. People often follow the big names. Therefore, lookout for the BTC GOLD correlation and right now, HODL until we see the breakout !
Barrick Gold (GOLD) inside day breakout longThe inside day itself is a very good trade,
Also, if it breaks to the downside, I'll be interested in the exhaustion gap long.
Let's see how it goes yo!
ABXBarrick. A no brainer right ? Still many overlook this one. Im thinking the trend that has many uninterested is about to pick up speed !
🤑🤑ABX TO GO MEGA SHORT 🤑🤑As you can see ABX Had a massive long and is now due to go back short🤑🤑🤑💃🏽💃🏽Feel free to get on this⚡️⚡️⚡️Educational purposes only🤑🤑🤑
GOLD Island GapGOLD has gapped down, then recently gapped back up creating an island of price action. Typically after an island is created, that signifies a reversal in price change. Island gaps are good to hold for 1-2 days of price action for a swing trade.
