Long

Barrick Gold, picking up nuggets

Updated

This setup is almost identical to the AEM setup shared a short while ago. Barrick is in the high probability buying zone, thus offering a great risk-reward setup for new long trades. Stop loss below the buying zone and target at the recent swing high.

Note

This trade is working so well. Price has cleared the short-term moving average and the Gold price has hit all-time highs. We're happy to hold on and enjoy the ride from here.

Trade closed manually

Gold seems to be running out of momentum. Happy to take the money off the table here. I think gold and this stock still goes much higher; I just think that it's likely time for a short-term pullback. We could get in again lower down.

Herenya

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herenya.co.za/hca-trading/

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