BARRICK LONGS PT2Here we have a better view of what's taking place in the channel, it successfully retested the trendline of the previous downtrend, this year and continued to make strides upward. The new channel I have marked up shows that it has not broken any rules in the Elliot Wave principle.Longby jordanlacedup2
BARRICK LONGSAs the fears of a global economic slowdown reach further in the hearts of hedge funds, banks and other financial instituitions it only make sense to gauge how these emotions fare on one of the largest mining companies in the world. After hitting record lows in 2015, it has steadily fought back. It has formed a higher low which gives us some indication that a higher high may follow.Longby jordanlacedup2
Do you see a rising wedge or an ascending triangle forming? Note: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in the market tend to get hurt the most. Observations: It seems like it is developing two different patterns. The first being a rising wedge, which is considered a bearish sign. The second being an ascending triangle, which can be considered a bullish sign. Notice how I have highlighted the resistance zone with a grey rectangular box. I did this to highlight all of the areas where price action bounced off of (or reversed). It will take a great deal of buying to get above this zone. If price does break above this grey zone, I think that a further move up will ensue. At the very least, to touch the top of that rising wedge I've drawn out. But if it breaks below trendline (B), I expect some strong selling off will follow. I personally believe that the price will continue to consolidate within the ascending triangle I've drawn above. It will take a lot of fighting to break through each extreme edge, especially the resistance zone (A). Therefore, it is suggested to watch carefully when price does reach these two extremes. by PoorRicardo117
Market Review - Wednesday, 11 December 2019MMC, OMC, EIX, SO, AJG, MCD, GOLD01:09by UnknownUnicorn18038879
GOLD LONG I realize the Gold family has been a sea saw. GOLD has a buy signal, green candles and I have been making some money on it. It is much cheaper than the rest of the "gold family". Longby mthompson453
GOLD expecting an uptrendThis trade is for the options traders out there. We have a breakout of the falling wedge and the rsi is coming out of oversold. Expecting bearish sentiment on the S&P in the near term and gold to perform well in the meantime. I will be accumulating March 20 20 18$ calls which are currently priced at .78-.79. I will be holding these calls through the market correction until GOLD starts giving sell signals.Longby Stock_Holiday86Updated 4
the way of Barrick GoldHello Traders, Barrick Gold is very bullish, but before it rises to the moon, it would ending the correction. May the force with youby DarthTrader287
GOLD (NYSE) long setup 1:3 risk with multiple targetsGOLD 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. Target: 18.96 (2.2 pts - 2.75 R) 2. Target: 19.97 (3.21 pts - 4.0 R) Disclaimer: This is not a financial or investment advice. Trade safe, Atilla Yurtseven Longby AtillaYurtsevenUpdated 6
Buy gold and gold minersGold is winding up for another big run and gold miners will most likely follow. When the rush to safety happens gold will hit new highs.Longby MysteriousPersian9
GOLD (Barrick) may turn north... 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 is 20usd.Longby meszaros34
GOLD will explode XAUUSD will explode in coming days and I also see a nice falling wedge pattern in GOLD (Barrick). The pattern has been broken already and the price is making a goodbye kiss of the trendline. Time to load Dec options with strike @18. They are cheap. This nicely converges with my view on SPX500 . Longby Fomenka2210
BARRICK GOLD CORP Re-Entry priceMr. Pips proprietary ADCT indicator says that BARRICK GOLD CORP . will head higher once it retraces to his indicators trendlines . First entry position set at 16.66. Add to the Long position if it touches 16.55. First target, 17.03. Second target, 17.30. Stop-Loss 16.07 Mr. Pips isn't smarter then any of you. He just has the best indicator ever created! Remember this post when the targets are hit. Mr. Pips quote of the day: "You will lose a whole lot of money chasing women. You will never lose women chasing money!" Mr. Pips wants you to have a blessed and profitable day!!! Disclaimer: All information provide by TheRealMrPips is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades! Longby TheRealMrPipsUpdated 5
Barrick Gold: Gearing Up for Next Bull RunBarrick is one of those seniors that is notoriously heavy in short interest until a true bull run starts, and we may be around the corner from the second, and the second "real" bull run for Gold (for this year). For now, it seems like the 1450 floor has held. For those who wish to "risk" waiting for a further drop in Gold, you may time yourself out of the market completely, only to _potentially_ save an additional 3-4% in stocks. In my opinion, the bottom for Goldspot is in the books. RSI has created a solid and supportive base-line and the downtrend for many Gold stocks has either reversed already, or on the verge of reversal despite Goldspot being still far below 1500. Barrick is extremely undervalued, and with their future acquisitions, recent dividend increase and excellent numbers, this stock should be trading in the $45-50.00 range at current Gold prices. SL: $20.23 TP Q2 2020: $45-50 Strong Buy - zSplitLongby PaulDeep19131Updated 669
Gold begining to make decision for short term directionGold may be indicating that we are going to see upward price movement. I do not think it will be a huge move as I still believe we need more correction and consolidation before a major move up. Just my own person opinion.by John20685
Barrick gold to start another leg higher?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 levelsLongby Silvestrov1110
GOLD (Barrick) before the 12% correction... 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.Shortby meszarosUpdated 19
GOLD before rising 23%... In my previous analysis, I was expecting a correction. Then I predicted a 12% drop. We can see the end of this correction. My assumption is that the exchange rate will start rising. I visualize this rise by building a double fractal. As shown in the figure, a third fractal sequence may be generated which may be twice the size of the preceding fractal sequence. In this case the target price can be 20 usd.Longby meszaros3330