GOLD (Barrick) exchange rate before 8% rise.... The exchange rate has reached the bottom of its correction level. This level could be 12.16 usd. I expect a rise from this level. The rise target price is 13.26 usd. Other Strategic Formatting The "mirror axis" projected on the D1 ATR axis is expected to be tested. This is the primary resistance level.
ABX trade ideas
Barrick Gold Corp. exchange rate before 18% increase... Perhaps it is not surprising that the nature of the wave axis is similar to the wave axis of the XAUUSD. Similarly, both rates are moving symmetrically. We assume that further increases may occur. Its size and structure may be similar to wave A. But the direction is opposite. If this assumption is correct, the price rise target price is 16.51usd.
GOLD: Weekly trend possible...I'm long $GOLD here, from a tad lower. I think this miner is primed to rally from this juncture, potential upside is very good if it manages to climb above Key Earnings Resistance above. We can hold for an extended period of time as long as we bottom here in the short term.
Best of luck,
Ivan Labrie.