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BARRICK GOLD CORPORATION
Long

ABX : Buy Setup

By Noldo
Updated

There are 3 reasons why I chose ABX stock:

  • I am looking forward to a downward movement in USDCAD. (More explanation on Related Ideas.)
    I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index.
    You can follow and let's communicate )

  • I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
    Ideas.)

  • Technically, it is suitable for long position.


Parameters

  • Risk/Reward Ratio : 1/2.59

  • Stop-Loss : 21.79

  • Goal : 25.88

Trade closed: target reached
Trade closed with %12.87 net Profit !
Beyond Technical AnalysisgoldminegoldminersMetalsmetalsectorStocksstocksignalsS&P/TSX Composite

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