GOLD has formed an inverse head and shoulders pattern, a break above the neckline will signify more upside.
Gold Silver Mining Stocks Breaking Out Go to the Invest2Success Blog and or Contact Me for the Details NYSE:KL NASDAQ:SSRM NASDAQ:PAAS NYSE:GOLD NYSE:SCCO $KL KirklandLakeGold $SSRM #SSRMining $PAAS #PanAmericanSilver $GOLD #BarrickGold $SCCO #SouthernCopper #gold #silver #preciousmetals #coronavirus #stocks #stockstowatch #stockmarket...
Se puede apreciar que el activo formó una bandera de teórica resolución al alza, también vemos que viene respetando la base el desdoble del canal propuesto en una idea anterior (linea de puntos Verde) con transgresiones temporales de la linea de tendencia bajista (linea Negra) quebrada la cual actuó como disparador del interés en el papel. muy correlacionado al...
Last year, the asset started a bullish rally (similar to the one that has just ended currently) that led the price to increase by more than 100%; From that moment on, the price corrected and began to generate a bullish channel (green dotted line ceiling). The correction it had then never reached the 0.382 Fibonacci retracement, but it was the 30-week weighted...
Difficult not to see an inverse Head & Shoulders pattern in this gold miner, isn't it?
Algo GZ + high EW probability area +1H Vegas waves + Oscillators OK + Volume OK
Green box: 26.05-26.57 Beware of a potential expanded flat in gold prices which would invalidate this count in Barrick Gold.
GOLD Barrick consolidating below a big resistance trendline. It could be within a triangle 4 (confirmed by volume, unlike the commodity?). EW geometry not ideal. Green box #1 is 25.67-26.23.
#BarrickGold broke out the and going to sky. I would wait for a pull pack as #RSI turned it way down.
Could Barrick Gold make a multi year Leading Diagonal? Could we see $37 in Sept 2021 hitting the 161.8% extension of wave 1? Then to retrace 38.2% by March 2024 to $24 before finishing the leading diagonal at $55 in March 2026 Could the leading diagonal end at the previous ATH back in 2011? Such a long term estimate is difficult but I would like to come back to...
GOLD (Barrick) The gold mine. The exchange rate may be facing a significant rise. The technical picture shows that we are in phase 3 of a very regular evolving fractal system. Typically, the previous fractals are copied at a 2: 1 ratio. Let's pause here. It is common for Stage 2 to finish copying (which we have not yet seen) and switch to another rule system. It...
Gold (Barrick) before rising 92%. The exchange rate appears to be moving in an accumulation area. Technically, the figure shows that the correction lower levels doubled in percentage (yellow rectangle). It can also be seen that the fractal rising wave sequence (green rectangle) also doubles. Conclusion. We have an accumulation phase, we have a doubling correction...
GOLD is a gold mining company, Barrick Gold Corporation. GOLD broke out the resistance and stayed above it. I'm expecting more up move. Winning probability of this trade is less than 35%. I am going to trade this setup with a proper risk management. GOLD LONG SETUP: 1. Entry: 16.76 (or market open at 29th Nov 19) 2. Entry: 17.23 Stop-loss: 15.96 (0.8 pts) 1....
The exchange rate slowed down. For long-term investors, the time has come to take a long position. However, the possibility that the exchange rate may fall to 15.89usd before a permanent reversal should also be considered. Nonetheless, current levels can be an excellent entry point for money management. The primary target price remains unchanged. The target price...
Barrick gold released earnings today, and after two months of very nice consolidation and bullish divergence in MACD, stock might finally be ready for another rally higher. So good low risk long entry could be attempted from current levels
The exchange rate may follow the correction of gold. I expect a 3% correction in gold. GOLD (Barrick) stock down 13%. As I am expecting a drop above 10%, it is advisable to take a short position from this level with a target price of US $ 15.97.