ABX trade ideas
GOLD LongMonthly Chart
Double bottom + retest neck line
PlanA at current price, short term entry:
Entry 23
Stop 21.5
Target 30
PlanB at next demand Zone for long term:
Entry 21
Stop 19
Target 39
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
GOLD: swingtradeHere we go.
*Indicators used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
*Like if you find useful, thanks!*
Barrick Gold is oversoldIt looks like Barrick Gold (GOLD) is oversold on the ytd trend channel, rsi & volume ema. The metal gold $1800/oz, hasn't been this cheap since July. I know with all the hoopla about bitcoin being a hedge on inflation, I will not be surprised if GOLD makes a U-turn in the next few weeks / month and starts gaining significant value again. I guess we'll see. I picked up some $23 long calls out of speculation. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
TradingView links:
www.tradingview.com
www.tradingview.com
$GOLD - NR Picks Nov 15Barrick Gold es uno de los mayores productores de oro en el mundo, con una producción anual cercada a 5.5 millones de onzas de oro y 430 millones de libras de cobre. También posee reservas probadas de 71 millones de onzas y 13500 millones de libras respectivamente.
- El precio de su acción ha venido acumulando retrocesos desde setiembre debido a que el oro alcanzó los $2000 por onza en estas fechas.
- Actualmente el precio del metal se encuentra a niveles de $1888 (25% más alto que 2019).
- A partir de esto recodemos que compañías como Barrick saben aprovechar muy bien estos incrementos de precio, tal es así que se espera que sus ganancias incrementen 111% y otro 30% para el próximo año. Tambien consideremos que en el tercer trimestre Barrick registró un flujo de caja libre de $1300 millones, lo que le permitió elevar su dividendo un 12.5% ($0.09 dólares por acción/ 1.4% yield).
A estos niveles, el precio nos parece atractivo. Identificamos una resistencia clara en $25. y esperamos un impulso hasta los $28 nuevamente hacia la recta final del año, segun nuestros patrones técnicos.
Adicionemos a esto, el mercado en general puede registrar algo de volatilidad para estos últimos meses del año, y una probable rotación a activos refugio podría beneficiar a Barrick.
Barrick Gold: Huge Buying OpportunityHello traders,
Looking at the daily chart for ABX, it is at the really critical level.
RSI is oversold for the first time in the daily chart this year, and there is confluent layer of trading volume in this trading range:
resistance (Feb 25th, 2020)
support (June 5th, 2020)
Also, XAUUSD is at 200MA in daily chart as well.
We can expect relief rally if and only if we see drop in Bitcoin and SPX. My first target will be the 200MA which is about $32-33
Barrick Gold prepares to jumpBarrick Gold approached a key confluence zone paralell with XAUUSD. As the fundamentals are the same and seasonally the year end is strong for gold, I am calling a buy.
GOLD BounceGOLD has ran down into support zone of $22.5. It has held and had positive volume on day. Looking for this area to be the bounce zone and looking for price to move back up to the moving averages.
GOLD - This Might Hit .702 Fibonacci Retracement I think the GOLD might test back the moving averages, we also see that we have RSI(30). We have a good support between 22-24.
$GOLD. Warren Buffett's worst investment? Maybe.. 2 days ago Warren Buffet sold half his stake on Barrick Gold which means this stock will drop hard. My stop loss order is shown in the charts. Its last support is $24.40 we touched that so that means more downfall. Tomorrow will probably be a false breakout for it and then it will drop past its last support($24.40). All hope is not lost thought. GOLD should be a long term investment for next year to hedge against president Biden's hyperinflation agenda. That being said, $15-20 mark price would be ideal to buy this up in order secure 3x ROI for next year on this Stock. All the smart money will be heading to big pharma now/Crypto. Commodities will be left in the dark until Biden becomes president.
-Bay Area student in the making.
Promising Long Opportunity for Barrick GoldBerkshire Hathaway may have bought this back in the second quarter but it is not too late to get onboard this market. The technical outlook appears bullish over the mid-term as we expect more upside from this market over the next three months. That said, we would wait for the price to retest channel support at around $25 before moving in. Our upside target is between $35 - $36. Even though we know that price could easily get higher, our objective is clear: a three-month trade for a 30% - 35% profit.
Barrick Gold Testing Major Support LevelWith gold selling off yesterday, this miner giant has been under strong bearish pressure. Look to buy into support above 26.
$Gold with a slight bullish outlook after earnings reaction$GOLD is expected to have a slight bullish outlook after a positive under reaction following its earning placing it in Drift A. Price is currently trading below the lower boundary of the Projected PEAD cone.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
GOLD earnings 11/05 at 6:10amTarget $30
3rd Quarter 2020
Consensus: $0.32 eps
Revenue: $3.35 BilLion
$B posted a marginal positive earning compared to estimates$B is projected for a slight bearish outlook after earning results, price is currently trading just below the median line.
keep it on your watch list!With the next earning coming next week, we will see getting out of the consolidation!
the average gold price was 1750-1900 for this quarter while it was 1600-1750 in the previous quarter!
Barrick Gold w43 2020. WAit for Buy signalMontlly
Uptrend
Weekly
Uptrend bounced from SR level
Daily
Correction in flat
Price in low BB channel.
Probably will go down.
Wait for clear trend and open buy due to it is GOLD company and Gold up.
