B trade ideas
BARRICK GOLD CORP Re-Entry priceMr. Pips proprietary ADCT indicator says that BARRICK GOLD CORP . will head higher once it retraces to his indicators trendlines . First entry position set at 16.66. Add to the Long position if it touches 16.55. First target, 17.03. Second target, 17.30.
Stop-Loss 16.07
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Barrick Gold: Gearing Up for Next Bull RunBarrick is one of those seniors that is notoriously heavy in short interest until a true bull run starts, and we may be around the corner from the second, and the second "real" bull run for Gold (for this year).
For now, it seems like the 1450 floor has held. For those who wish to "risk" waiting for a further drop in Gold, you may time yourself out of the market completely, only to _potentially_ save an additional 3-4% in stocks. In my opinion, the bottom for Goldspot is in the books.
RSI has created a solid and supportive base-line and the downtrend for many Gold stocks has either reversed already, or on the verge of reversal despite Goldspot being still far below 1500.
Barrick is extremely undervalued, and with their future acquisitions, recent dividend increase and excellent numbers, this stock should be trading in the $45-50.00 range at current Gold prices.
SL: $20.23
TP Q2 2020: $45-50
Strong Buy
- zSplit
Gold begining to make decision for short term directionGold may be indicating that we are going to see upward price movement. I do not think it will be a huge move as I still believe we need more correction and consolidation before a major move up. Just my own person opinion.
Barrick gold to start another leg higher?Barrick gold released earnings today, and after two months of very nice consolidation and bullish divergence in MACD, stock might finally be ready for another rally higher.
So good low risk long entry could be attempted from current levels
GOLD (Barrick) before the 12% correction... The exchange rate may follow the correction of gold. I expect a 3% correction in gold. GOLD (Barrick) stock down 13%. As I am expecting a drop above 10%, it is advisable to take a short position from this level with a target price of US $ 15.97.
GOLD before rising 23%... In my previous analysis, I was expecting a correction. Then I predicted a 12% drop. We can see the end of this correction. My assumption is that the exchange rate will start rising. I visualize this rise by building a double fractal. As shown in the figure, a third fractal sequence may be generated which may be twice the size of the preceding fractal sequence. In this case the target price can be 20 usd.
GOLD ready to rally; Barrick Gold call optionsBelieving that gold is ready to move higher this week, I purchased Barrick Gold Nov. 1 $17 call options at $0.34
Hoping for a strong week upwards for the yellow metal!
GOLD Miner Option StrategyGold as a commodity seems to be in a bull run with the uncertain market with trade wars and topped out looking overall market. Assuming the stock market goes through a 1~2 month correction, it is safe to assume Gold prices will continue the uptrend and miners should give a leveraged return on the gold price. Looking to get into a end of January call option around next week when I feel the market will top out and tire out.
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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