$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
ABX trade ideas
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!
🤑🤑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.
$GOLD Buffett Sees Value in Barrick Gold
Potential upside targets in Barrick as it gets the boost from Berkshire buying.
Should you follow the Oracle of Omaha?Read article here
If you have been following my post, then you know I have been bullish on gold for a while.
The recent sell off in Gold and silver has created quite a panic among the traders community, fearing for a bear market.
Imo, I think this correction is a healthy one as both Gold and Silver have been going up over 100% since the March Low. Is a 10% correction something to fear about ?
I have also stressed the importance of diversification and not be overly confident that the price will continue to go up and up. If you have XAUUSD, Gold ETF, Barrick Gold stocks and last week drop will accumulate to more than 40% drop in your portfolio. That can wipe out your profits, perhaps caused a margin call and worst of all, dent your confidence in the market.
I have reiterated my bullish stance on Gold and Silver and believer there are still rooms to move on top and that is why I am not selling yet but neither am I adding at this moment. Looking at the US indices, it is possible a short term correction is on the way (sideway then fall) and that can either caused PM to follow or react the opposite way.
You want to have a wider safety of margin as the price gets toppish and protect your positions accordingly.
Trade safely !
Warren Buffett buys 20.9 million shares Barrick Gold!Warren Buffett’s Berkshire Hathaway Inc. added Barrick Gold Corp. to its portfolio in the second quarter, sending shares of the world’s second-largest miner of the metal surging.
Good long term investment?
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Barrick Gold BUY LONGPrince is now in a strong Demand zone
Has made wedge compression pattern .
Covid crisis its making market to move safety assets and they are buying gold .
No one wants inflation knocking their door.
-Wedge
- Pullback & retest complete
We gonna buy and wait , target is long term.
Watch yor risk , and support with like and follow!
ABX Barrick Gold: Breakdown happenedit remain`s to be seen further short, more consolidation probably ahead
goldGold has done well in recessions in the past and extremely well during depressions. Considering our current economic situation, gold has a driving force to keep the price moving in a bull pattern. From the last big correction it has entered this channel and is testing the lows below the moving average. Unless we see a large correction like we saw in Feb/March this is a good buying opportunity, then sell at mid to top range of channel.
ABX Gold: further downside move to calculatecorrection seems not over yet, some short can add to current move, GAP closing is possible attraction now
Gold longBe patient wait for it to move closer to resistance of the channel and buy lower-highs and sell at mid-top of channel at higher-highs. Its already below Moving Average which is usually a good buying point but I'm going to wait for a larger drop before I enter my position.
