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Barrickgold

GDX, is this a forgotten treasure?Hello everyone, So Gold is finally back in a buy/accumulation zone, even though DXY may have more room to run I doubt this will translate in to heavy downside for gold. 1650 maybe? However, the stars look alligned once again to buy gold, or in this case GDX (Gold miners ETF). You can see the trade parameters in the chart. But this is definetely an opportunity like no other, whilst everyone is still lookin at Bitcoin, or Stocks, nobody is expecting a resurgence from gold at this point. However as we see volatility is not dead and gold does like volatile times. Even though this trade will take patience, and most likely won't payoff like crypto. The optimal upside is around a 150%, and in a mania case 400-600%. And the risk is -25%, I mean, it's a casual day in crypto or even stocks these days... Buying now is like buying BTC at 10k. Which BTW i've also advised in doing heavily. It's the same mantra as always - Buy low, sell high. However, most will do it the other way around. Also check out my other ideas, even though I don't post often. When I do it's usually when things are CHEAP or EXPENSIVE. As always, stay safe and stay liquid.
AMEX:GDXLong
by MedianLineAnalysis
BARRICK GOLD CORPORATION. Potential Long Opportunity.NYSE:GOLD Request for analysis on Barrick Gold on Monday 22 February 21. Here's What I think. Tuesday 23 Feb 2021 Looking at the Weekly Chart It looks as though Barrick Gold Has finally found Weekly Support. After a Long Decline. Note. The Fib retracement Price has hit the 61.8 Retracement Exactly. Would Like for Price to Close Above the Weekly Descending Trend Line Before potentially considering going Long. Similar to the Bullish Bar Shown on the Chart.
NYSE:GOLDLong
by DeltaSD
GOLD (BARRICK) before a 75% increase.GOLD (BARRICK) before a 75% increase. The analysis shows that the price movement of Barrick shares around the wave axis has become symmetric. This suggests two things. 1. The calculation of the wave axis is in a good place :) 2. The price movement has reached the strong support level (since this level is the minimum level of the wave amplitude) so I assume the price movement starts to rise. It can also be seen that an accumulation movement has also developed in this correction range, so further upward movement is expected. If I consider the fractal rules, then apparently the fractal formed on the symmetry axis can be further built. My final conclusion in the price movement is a rising wave sequence with a target price of 40 usd.
NYSE:GOLDLong
by meszaros
Barrick Gold to bottom out at $21.95Barrick Gold has room to cross its resistance at $22.90 and continue its down trend to $21.95. OBV continues to go down as well, indicating no reversal at this stage. An uptrend is confirmed as soon as the Renko block crosses SMA10 and OBV indicates an uptrend. Looking forward to your comments. About Renko Charts A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is thought to be named after the Japanese word for bricks, "renga," since the chart looks like a series of bricks. A new brick is created when the price moves a specified price amount, and each block is positioned at a 45-degree angle (up or down) to the prior brick. An up brick is green, while a down brick is red.
NYSE:GOLDShort
by CryptoPhobiq
#GOLD - 1H - What price doesn't reveal. BARRICK GOLD CORPORATION. Sometimes, price doesn't reveal all the information that the markets might tell. And then, we have to recur to other indicators like volume and hidden divergences. In this case, we can observe that GOLD (company and metal as well too) have suffered a big hit after or in consequence of US Elections. Down almost -23% since November 6th. From November 11th to November 24th, the price continued falling but this time, MACD formed ascending minimums. This type of correlation is known as bullish divergences (See pink arrows). Also, if we take a look at volume, there's a MASSIVE amount of operations on November 25th . This type of volume hasn't been seen since March when GOLD started its bullish rally. The most curious about this session is that this volume took place in a tiny candle with almost none price variation and really near to support. This could be a clear sign of consolidation. On the other side, GOLD (Metal) is showing signs that bears are no longer in control and price suddenly stopped at USD 1.800 per Oz. We might spect lateralization with high volume over the next sessions. Then, once the price breaks USD 23.5, we can confirm our hypothesis and open a long position.
NYSE:GOLDLong
by aoberninger
Promising Long Opportunity for Barrick GoldBerkshire Hathaway may have bought this back in the second quarter but it is not too late to get onboard this market. The technical outlook appears bullish over the mid-term as we expect more upside from this market over the next three months. That said, we would wait for the price to retest channel support at around $25 before moving in. Our upside target is between $35 - $36. Even though we know that price could easily get higher, our objective is clear: a three-month trade for a 30% - 35% profit.
NYSE:GOLDLong
by cryptoezvip
2
Shares of Barrick GOLD before rising 65%.Shares of Barrick GOLD before rising 65%. Barrick shares are currently making an accumulation movement exactly around their fair value. The fair value is 28.06 usd. At a lower level of $ 2, Warren Buffet also bought out of the stock. GOLD (Barrick) begins construction of the second rising wave of a double rising wave system. In case my analysis is correct the target price is 45.47usd. An increase of 65% from the current level.
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NYSE:GOLDLong
by meszaros
9
Warren Buffett Bought Barrick Gold Stock Should You Also?It was announced last week that the CEO of Berkshire Hathaway, Warren Buffett, bought 1.2% of outstanding stocks of Barrick Gold between 26 & 27. Should you also buy the stock? I think you should follow where money goes... however, looking at the daily chart, immediately after the announcement, the stock price gapped-up thereby creating liquidity void. It will be good to see price filling this gap & any price rejection between 27 & 28.85 will be a better time to follow smart monies as long as the general market sentiments remain bullish. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
NYSE:GOLDLong
by BullBearMkt
Barrick Gold longHere is an easy ta for GOLD long: Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance. On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume. Both compared could be play on Gold long.: S3 is showing bullish rally, S2 and S1 are forming trendlines for secondary up-trend. Furthermore, you can see two important support zones: 23 $ and 26 $ which support secondary up-trend. Indicators: BB: Trend is moving above upper band which is normal trying to break resistance, bullish signal (Or overbought) 50 SMA: Trend is moving abvoe, bullish signal 20 SMA: Trend is moving above, bullish signal 200 SMA: Trend is wide moving above, bullish signal RSI: Crossing under 80, bullish signal MACD: Crossing, tendency up, bullish signal 1. Wait for breaking resistance and buy in around 29 $, SL set on support zones 2.Option play: Bull put, Strikes around support zones. short time Good luck for your trading :)
NYSE:GOLDLong
by Hornetcharts