GOLD trade ideas
Another Double Crossover 4 Gold Today.And there is your double crossover system at it's best (MA's and MACD)!
Abx on the uptrendGreat support at the 50sma watch the fib as it could produce a double top but my target price $30
Looks like a Golden opportunity (literally)With so many moving back into safe stocks again me thinks gold and silver companies are likely gonna be a winners for the rest of the week. Barrick looks pretty good this morning.
Gold (Barrick) before the 42% rise...The exchange rate is ahead of a fractal. The fractal can be twice the size of the previous fractal. In this case, the target price is 25.29 usd.
GOLD Barrick Gold Potential Oversold Bounce
Looking for an oversold bounce for Barrick to remain in uptrend channel
DBL bottom on Barrick GOLD coupled with volume accumulationThis chart looks poised for an immediate parabolic surge; with DOW hitting session highs for the quarter (and breaking its ATH for the 6th or 7th time since last summer) my crystall ball reveals an impending sell-off; followed by a retracement & right now with what's going on in the amount of #crypto dumped we're looking at a retracement on BTCUSD (for those unfamiliar -- BTC & GLD seem to parallell each other inthat they are the goto assets for panicked investors during market uncertainty -- of which there has been nothing but lately) with EMA/50 day MACD/bollinger's all indicating a parabolic surge is due on this chart soon.
ALWAYS set your stop-losses first! So with that being said:
STOP @ $17.18
TP1 (SHORT 24-48 HRS): $18.18
TP2 (MID-- 72 hours): $18.75
TP2 (LONG) 09/20: $19.48
These timeframes are SHORTENED as this is EMA (closer to day trading) though not exactly.
With that being said; trade safely!
DISCLAIMER:
NOT FINANCIAL ADVISE!
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GOLD & SILVER STOCKS ARE OVER BOUGHT! HYPE IS DRIVING THEM UPFolks, we hate to burst the bubble but...
Has anyone looked at the charts of the GOLD and SILVER stocks?
RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about.
To top this argument off, the big companies like GOLD and NEM are making nothing, no big profits, to run to the bank with.
Both companies recently purchased other gold producers and as of late, neither company can turn a nice profit. Look at the earnings reports...It's the truth!
In fact, GOLD barely hit estimates and revenue was down missing estimates. WHY..? ASK YOURSELF WHY? THE NUMBERS DON'T LIE!
Why are all these GOLD & SILVER companies in Canada? We've never done well with Canadian stocks because at the end of the day, most if not all turn out to be a huge scam.
Both GOLD and NEM have had plenty of time to sell gold at these record prices but yet both companies are unprofitable or making a few cents. Why is this?
We cashed out of all our GOLD & SILVER stocks today and we will not look back. Even if GOLD hits maybe 1600 to 1800, and SILVER hits $20 to $25, none of the stocks we follow are making money and from what we can see, they will continue to lose large amounts of money into the future.
Take your profits in the stocks and move into the Indexes, ProShares, SPDR's and ETF's to play it safe. Here's are several for you to research: GDXJ, JNUG, UGLD, GLD, GDXJ, UGL, GDX, DGP, BAR, GLDM, IAU, SLV
Every piece of GOLD & SILVER these companies find & produce is sold forward which means, they missed out on the record high prices as of today.
Also, where are the nice 2%, 3%, 4% and 5% dividends from all these companies if they're doing so well? Wall Street wants you to believe that because GOLD & SILVER are at record highs, GOLD & SILVER stocks should follow.
This argument is one big FRAUD AND A HUGE SCAM!
TAKE YOUR PROFITS AND DON'T LOOK BACK...WE DID TODAY...NEVER ARGUE WITH A PROFIT!!
BEST OF LUCK TO EVERYONE WITH YOUR TRADES!
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Barrick Gold share prices continued its uptrend Gold- Barrick Gold share prices continued its uptrend Tuesday trades, up another level to 19.77 a gain of 2.75% from time of reporting. Share prices have lots of room to the upside, given the uncertainty in the world financial market and the ongoing U.S.-China trade war.
Share prices currently sit around a resistance price level at 19.85 and need to clear this point to continue to its nex estimated target at 20.45 and 21.00. Support levels are expected at around 19.35, 18.90, and 18.30
Compresion on GOLD in playExponential increase as expansion plays out depends on china trade deal, Hong Kong peace/unrest.
GOLD (Barrick) Huge gold mine riseGOLD (Barrick) Huge gold mine rise. A large part of the analyzes suggest a larger rise in the gold price. I strongly believe that gold mining stocks will be raised even more. If you look at the movement of the Barrick Gold exchange rate, you can see that the exchange rate could go through a regular fractal build. The orbit of these can be twice that of the previous movement. Therefore, I consider this stock one of the best investments of the coming years.
Barrick Gold Earnings; Will It Surprise?With a Zacks Rank of 2 (Buy), will this be the trade of the week? Zacks has GOLD listed in their earnings filter as an expected surprise. I have backed out of the last few calls out of caution due to the market conditions; even the earnings winners have often gone down in the last week. This could be different since precious metals have actually been on the rise. This could see a gap up over the weekend with a Monday surprise....wouldn't that be nice?!
This is not to be construed as trading advice.
Good luck out there!
Similar waves to bottom and turn higher...much higherShowing similar patterns to bottom.
ECB, FED and many other central banks are going to cut rates and to increase MB.
Gold is going to go up and so does this stock.
