Barrick leader of the pack, indicators said go time. the moving average ribbon pinch is a great tool and reco it.
ABX trade ideas
Breakout Coming in Barrick Gold?Last week, we cited the potential breakout in the SPDR Gold ETF. Today’s chart shows a similar pattern in miner Barrick Gold.
First, consider the series of lower highs since August 2020. Then notice how the price action Friday and today violated this downward trajectory.
Second is the rounded bottom around $18, which took shape in the fourth quarter. This suggests new support has emerged as the bearish trend fades.
Such a squeezing range may have reflected an equilibrium between buyers and sellers. However that neutral market took shape before inflation worries caused the broader market to stumble . The newer (and less bullish) normal is potentially more favorable for a safe haven like gold.
Next, traders may view the November high around $21.19 as resistance. Can GOLD close above that level?
Finally you have some interesting relative strength because gold miners are up about 5 percent in the last month, while the S&P 500 is down about 5 percent in the same period.
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Possible 50% to 100% Bullish RunI honestly think this is the run we’ve been waiting for, for a while. Looking at the trendlines from Jan 2016 to Sept 2018 we see the first bullish pennant forming. Then from June 2019 to today we see the same pennant forming, and close of trading last Friday we see the first true break from the trend. Furthermore, with each true break we see a bullish run of above 50% occur over three times, all of which happened within a span of two months or less. I can truly see this trading above 26 by April 2022, specially with inflation running rampant and the fears of a bear market overwhelming traders thus a possible switch to the good old commodities. Only time will tell.
Buy $GOLD - NRPicks 03 DecBarrick Gold Corporation is engaged in the exploration, mine development, production and sale of gold and copper properties. They are located in Argentina, Canada, Côte d'Ivoire, Congo, Mali, Tanzania and the United States.
Revenue TTM 11.9B
Net Income TTM 1.9B
EBITDA TTM 6.3B
EBITDA Margin TTM 53%
Debt/EBITDA TTM 0.8x
Barrick Gold (NYSE: $GOLD) Could See New Highs In The Future! ⚱Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.
COULD GOLD BREACKING RED TRENDLINE ?!it looks like gold has a solid buying zone with an interesting rising channel structure. What do you think of a bullish move and a potential breakout of the red trendline?
Silver is at $24.15 resistence. Gold is at $1841 Gold and silverSilver is at $24.15 resistance. Gold is at $1841
Gold and silver advanced seriously this morning at around 9am 1-19-2022. Silver is at $24.15 resistance. Gold is at $1841. AG is up 12% today this morning. GOLD is up 7-8%
lets see if it can finally break 🧐gold approaching this trendline resistance again, puts can pay if we see another rejection.
targets 21.01-23.38-24.98 if we finally break it! like and follow for more 💘
Barrick Gold Demand and Supply analysisTwo alerts placed for options exits. Overall this stock provides the risk and reward ratio for some profit 3:1. Analysis drawn Chart
Over 19.10, and GOLD Could Fill the 20.25 Gap.Barrick Gold has failed a bunch of times at 19.10. If it can close above that level, it could get to 20.25.
BARRICK GOLD - Setting up for REVERSAL.Look out for entry between $16.5 - $17.5.
Potential upside ~$13 or ~70%
Forming Megaphone pattern from strategic stand point so can go even higher then $31.
Expect Over 80% Profit From Barrick Gold SharesBarrick Gold making triple bottom already showing signs to commence a rally up...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Hedge against InflationThe Barrick Gold Corp. is a great diversification for your portfolio in times of uncertainty as investing in Gold should always be your go to choice whenever a hedge against inflation is necessary.
Barrick Gold is mining it's precious metal all around the globe, aswell as it is trying to help society with charitable organisations.
For sure a rock solid company, worth 10% of your overall portfolio.
2021 Year end cryto-BTC, ETH, Gold and Silver AG and GOLDOverall, BTC and ETH are going downtrend: it is bearish in the coming 4-5 months.
The same thing may be true for precious metals, gold and silver, the miner stocks I picked are AG and GOLD. Although the fundamental is good, they may go down in the next 4 months then go up.
GOLDIf there is still an attempt to buy off the strait. I believe in general in the possible growth from the triangle
Inflation and a variant is hereAlong with the new variant and factor inflation in. This is a good buy on the pullback to support.
Barrick Gold - Inverse Head and Shoulder Pattern Barrick Gold formed Inverse Head and Shoulder Pattern, and break out today. It might go lower a little bit and test the trend line in next few days or weeks. Eventually it's going to raise to $22.5 and test the strong resistance. Long term very bullish, target $60 by 2023.
GOLD is finally gaining some momentum💸congrats if you added on the bottom trendline dip entry!
gold is now approaching its huge top trendline resistance, I expect it to break it and continue the rally to 26+ in 2022.
goodluck, like and follow for more 💘
Long term Gold mining stock accumulation planSo on Gold stocks we are definitely gonna profit from inflation. But there are several factors which influence the amount of time and price range we can accumulate over.
1 short term scenario we bounce now
2 mid range we go down to 15$
3 longer term shit because fed pulls of a rate hike = 5$ entry when we reach the lowest depression.
Lets see what goes down.
Barrick Gold falling wedge & supported by mid-term trend lineMacro environment:
With Fed continuing to print money, inflation is no longer transitory.
Without a clear timeline for taper, gold will present opportunities for hedge.
Even if interest rates are raised, market turmoil should also be good for safe havens like gold
Technical Analysis:
Previous 2x Falling wedges resulted in a price rebound within the trend channel and this 3rd falling wedge should not be any different.
Long term, GOLD is also on an uptrend, i see very little downside.
BARRICK @ supportBarrick showing buyers @ support
trend line. buy this trend line support
keep it simple
