Hello, Thanks for viewing. Let me start by saying that I am a big fan of Barrick but have been looking for an entry point for some time and now am sharing my view with everyone. Purely technical analysis based on a Elliot Wave. But simple, there was a big dip, partial retracement, and I expect this present dip to be about the same size in $ terms not...
Down it goes! Just as we expected, the bears are in high gear and have proceeded to carry Barrick downwards. Soon, they should reach the support at $13.01 and lead the price below this mark. However, there still remains a 35% chance that Barrick could escape the bears’ paws and rise above the resistance at $24.95, thus activating further ascent above the next ones...
The bears have already shown their potential regarding Barrick Gold and should continue to do so. We expect them to drag Barrick further down below the support line at $13.01, where wave (2) in yellow and thus the overarching downward movement should end. There remains a 35% chance, though, that the bulls could intervene and challenge the bears’ claim. This...
Garrick Gold broke out of a downtrendline. It also came down to retest midbox @ 21.45 & bounced. This is the perfect place to start a rally to BO the yellow consolidation box which also looks like a cup. The measured move of the cup would be 34 TP. This is a the perfect time for commodities & metals to shine! Not trading advice.
Gold commodity is breaking out and will propel Barrick GOLD to new highs in the coming months and years. Barrick is breaking out. I have long been holding 27,000 shares as low at $10 with an average around $16. Today I purchased 250 calls. GL
A golden cross is the opposite of a death cross which is a bullish sign. The 50 dma is crossing UP through the 200dma. It's getting close short term overbought, any pullbacks are adding opportunities. GOLD the metal is not going up solely because of Ukraine but is likely adding a short term premium on it and would expect a pullback on any resolution, though I...
Barrick Gold Corporation, which engages in the exploration, mine development, production, and sale of gold and copper properties looks like a safe haven just in case of a war. The DIVidend YIELD at 1.63% and P/E ratio at 19.94 look decent. My price targets are $24.80 against inflation and $29.60 in case of an escalating conflict.
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...
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.
Barrick 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
With inflation no longer appearing to be "transitory" as the FED would like everyone to believe, now is a good time to consider diversifying your portfolio with some physical gold. Yes, physical gold! You might ask, why invest in gold? It has hardly performed over the past 10 years. Well that time is now as we are right on the precipice of the FEDs transitory...
Though the price has recovered a bit, we are still far away from announcing the end of the correction. In contrary, there is plenty of room left on the downside. In total, we expect the course to drop below $13.01. Down, Down!
Hey all, My friend was asking me about Barrick Gold so I threw together this little chart. He had a ton of fundamental analysis about why Barrick was a good play, but this chart says enough. Puts on Barrick Gold while Gold continues to trade weak down this channel. Considering longterm we're bullish on gold because of this decade long cup and handle, we're now...
Hello 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 &...
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!
Just a quick chart with lines on it for Barrick Gold Three Rising Rivers Bump and Run Unsure targets at this point
Barrick Gold fundamentals are amazing, due high volatility stretch the stop loss even a little more so manage well your position size, great alternative for inflationary marckets
GOLD looking bearish, let's see if we can get a trend reversal. Most likely building a spread here