GOLD long, ready to HIT 2020 last highThink that money is starting to flow to assets like Gold, in the chart we can see a double top and a descending triangle.
In my opinion we are heading to $30 level. Then we are going to break 2020's high.
ABX trade ideas
GOLD Trading Plan - 25/Aug/2021Hello Traders,
Hope you all are doing good!!
I expect Barrick Gold to move UP after finishing the correction.
If looking for investment, look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Barrick Gold Corp: Bear in Mine! ⛏⛏⛏Next to coming up with semi-funny puns, we also analyze mining stocks. For Barrick Gold Corp, we expect the price to fall below $18.64 first and then even below $13.01. A long bearish run is, thus, continuing. A breakout would realize above $24.95 and has a chance of 30%.
Wait for the opportunity!
GOLD (Inflation Hedge)As previously mentioned in my outlook of SPY , the best way to play this is ticker GOLD. Barrick recently breached the 200 day MA and is currently resting here. Today it traced back down to 200MA and went back up. There are buyers here waiting to see what happens. If you read my SPY idea, you can look back and see what happened around the end of 2018. Gold Futures went up alot but was also trading between 1200-1300 per ounce. Current Gold Futures is at 1890! I see a big huge upside for Barrick here. I hope you see it too.
Barrick Gold can resume its bullish trip soonLooking at the weekly structure of GOLD stock, the chart tells me that this great gold miner company can trigger soon a buy signal. 200EMA, strong support, trendline, counter TL break, short term bearish structure break and fibo 78,6 on the latest momentum all supports the entry. Fundamental side, if I step back a few, the pictere is still very bullish for precisious metals and commodities for the coming 1-1,5 years. Huge money supply and inflation expectations are both still valid for a while. Let the market decide if this thinking is wrong or not. Cheers.
Barrick GoldThe price has formed a positive divergence at a significant support level . Aggressive traders can enter immediately or a confirmation of a reversal pattern at the support area can be used as entry. The stop should be placed below the support area and the parabolic SAR daily chart (default settings) can be a guide for the stopmanagement.
Barrick Gold: Bullseye? 😎😎😎With the current losses in the price for the Barrick Gold Corp. stock, we are perfectly on track to move all the way down under the support at $13.01. There, we will have amazing opportunities to re-enter the market on the long side. If there is no sustainable breakout above $24.95, our primary expectation will remain in place.
Happy weekend!
After made profit on target waiting for a drawdownBarrick GOLD run up very fast and so I could take my profit on the stock.
But I not lost the interest on Gold and this stock at all, the upmove will be take longer.
I hope get an cheaper entry after a little drawdown. So waiting for a new entry when MACD is down again. Maybe on 33% Retracement (see fibonacci) could be a good re-entry.
Waiting on the side to get it cheap. :)
