Gold miners primed for takeoff.Looking for quite a large rally here, sure there are better plays IMO like First majestic silver, but this is a safer play. And I'm pretty sure if you're Canadian that you will get eligible dividends. Anyway, the chart speaks for itself. Longby MikeMMUpdated 2217
$GOLD Stronger Q2 Puts Barrick On Track to Achieve 2023 TargetsAt the end of a falling wedge with a double bottom and RSI just coming out of oversold. Barrick has reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. The Company remains on track to achieve full year gold and copper guidance. Longby vanzylik114
bitcoin and barrick goldPossibilities of the future are sometimes hidden in plain sight... #bitcoin WALL (support turned resistance) 25 years later, still below that wall very similar to bitcoin chart from penny stock to fully matured stockLongby Badcharts3
$GOLD: Potential Bullish BAMM on A High Cash Flowing Gold MinerThis gold miner has a lot of cash flow and actually brings in some income, which are two traits that are quite rare to see in gold miner stocks. Though it does trade at a very high P/E, it still appears to be a financial rarity within the sector, and therefore the Barrick Gold Corporation has caught my attention, and I would expect that this one will be among the top performing miner stocks if the price of actual gold were to rise. As for the technicals, we have some monthly Bullish Divergence at the 100-Month Moving Average, and we are going to be looking to break above a trend line that could later bring us up to the 0.786-0.886 retraces to complete a Gartley.Longby RizeSenpai336
GOLD pulls back into the 200 sma supportGOLD pulls back into the 200 sma support on drying up volume to -29%, testing the support (testing for supply) of the oversold lows end of may. The short term random walk trend is down, the short term sma trend is up. Depending on the trend direction, this test is read as a sign of strength or weakness, which is the limitation of the programmed indicators. As this is a test of a low and a support zone, this VPA signal is a sign of strength. Price movements, in any direction, after a low volume pullback can be explosive as there is a vacuum of supply and demand. Watching this further can tell you a lot about VPA. by dokaccUpdated 110
ABXBarrick Gold ? Really ? .... yes... barrick gold ... the triangle, and the sideways consolidation along with most likely (not confirmed) increasing earnings makes this a buy here... i'm in :) Longby SilvaBullUpdated 224
Barrick: Barrick Bears 🏉Ever heard of the Barrick Bears? They are a great team, which should help to push our primary scenario for Barrick. Currently, they have to fight against a little bullish counter reaction, but soon they should drag the share below the support at $12.65 and into the yellow zone between $11.97 and $6.32. There, wave (2) in yellow should end and therefore a fresh upwards movement should start. However, there is still a 25% chance for the Barrick Bulls to intervene. They could urge the share above the resistance at $22.80 and thus trigger further ascent.by MarketIntel3
Barrick Gold $25+ Price TargetWeekly Chart is forming a cup and handle. The Math: Cup Floor: 14 Cup Top: 19.75 Cup Height: 5.75 Implied Price Target: 19.75+5.75 = $ 25.25Longby EquityCastUpdated 7
Barrick: Dig Deeper! ⛏Barrick still has got heaps of digging operations to do. The share should continue the downwards movement it has started from the last high of wave (iv) in blue and drop below the support line at $12.65. Thereupon, Barrick should enter the yellow zone between $11.97 and $6.32 to develop wave (2) in yellow, whose low should then complete the overarching downwards trend and thus initiate fresh upwards movement. However, there is a 35% chance that Barrick could turn northwards earlier, climbing above the resistance at $22.80. In that case, the share should proceed and rise above $26.07 and $31.22 as well.by MarketIntel2
GOLD | Great Entry Point | LONGBarrick 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, Cote d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is based in Toronto, Canada.Longby DivergenceSeekerUpdated 4420
Barick Gold pushing higherGold is pushing higher while gold mining stock are not that much yet. Is this an opportunity?Longby Trader_Ptr0
Barrick Gold is going to MOON in the coming year(s)Good long term investment here as we see a macro bullish harmonic with a mini fractal. Harmonic targets in confluence with supply zone (red fib levels) Accumulate and enjoy your retirementLongby Jlap4004
Barrick Gold CO Long R/R ~ 1:5Analysis Pitchfork. Priced is at the median. Targeting forks top Fibs: extending range to 1.236 Target the confluence at $38.18 Longby gb50k1111
Watchlist 2023-03-20 $GOLD $NEM $WAL $ZION $PACW $RIOTSPY - reversed early downside action to start the week flat at the moment. Traders are dividend on what to make of the news that central banks around the world back-stopping failing banks and bolstering the flow of cash around the world to prevent a fast-moving loss of confidence in the financial system's stability. Since the moves seem so divided, no bias today unless we see the $ADD (advance decline line start to hold in either direction of +/- 2000 and the $VOLD ratio clearing +/- 3. Banks: $WAL, $ZION, $PACW Central bank backstopping national banks hasn't proven to be a catalyst yet for regional banks. All are stuck in a tight channel atm. But if we can start to see these names holding near the highs of the channel, potential for a BO. Gold Miners $GOLD $BTG $NEM- continues to be a dip buy into support - ensure to give it room. GOLD looking at 18.00 but prepared to buy into PD low. NEM may have the best RR to the next pivot for a swing hold. Crypto: $RIOT $ Extended into the PM session, waiting for a pullback into PD BO level of 8.00 to structure a long. Need to see buyers step in at this level immediately. by UnclePennybagss0
Banks Insolvencies Whisper, SM Crash Begins, Herd flees to Gold After the 80% in 2013, the Gold Pushers have been saying "buy gold" "buy gold" for the last decade. During that time, we saw a sideways consolidation pattern where gold is around the same place today as it was 10 years ago. Meanwhile, SPY grew 3X before drawing down a reasonable 20%. BTC grew 129X drawing down 60%. My hands were in SPY and BTC. However, now with the eminent domino effect of bank insolvencies around the corner and a 30% estimated SPY drawdown around the corner, flight to safety is eminent. NOW is the time to buy gold. Not in 2013, not 2015, not 2019, but NOW. Bear flag forming. 5-10 year recession on the horizon. Gold first. Then, once the Fed starts printing and lower rates again, BTC. Nuff said. GOLD 2008:2011 - 65%+ 2011:2013 - (80%) 2013:2023 - 0% sideways consolidation bearflag SPY 2013:2021 - 3X 2021:2023 - (20%) BTC 2013:2021 - 129X 2021:2023 - (60%) FEDRATE 2019:2020 - (97%) (2.37 to .05) 2020:2022 - sideways (.05) 2022:2023 - 91X M2Supply 2008:2022 - 300X 2022:2023 - (3%) Longby mortgagemanjim114
GOLD Barrick Gold Options Ahead of EarningsAfter we hit the 1st price target in the last chart: Now you should know that GOLD, Barrick Gold Corporation, is the usual suspect against the higher inflation numbers. Looking at the GOLD Barrick Gold options chain ahead of earnings , I would buy the $18 strike price Calls with 2023-3-17 expiration date for about $0.81 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it. Longby TopgOptionsUpdated 7
Watchlist2023-03-17 $ET $GOLD $SRPT $KRESPY - had an impressive rally yesterday lead by the tech sector. We want to watch for SPY to retest and hold the breakout level between 388 and 390, getting close in the PM already. Oil names might be gearing up for a bounce trade. Look for the 66.50 in WTI level to hold. If it does, looking for names that held most of the gains after PD rally like $ET. Potential buy spot at 11.95. However, atm, WTI looks like it is free falling so will need to see more conviction. $GOLD - continues to be a dip buy into support - ensure to give it room. This is an inverse idea to the tech sector so only buy if we are seeing a potential peak in $XLK. $SRPT - FDA AdCom Not A Sarepta Game Changer. Gapping down on news of the potential change in the gene therapy drug which is not seen as detrimental. Gapping down on only .5 RVOL into heavy support area. If it can't get below 116.50, or has a fakeout below, looking for longs above 122. Need to see price action in favour, wicks and sequential pullbacks. $KRE - Regional Banks are difficult to predict atm, trading in a sloppy rang and volatility contracts. Keeping these on watchlist for additional headline new or if they trade to extended areas of the range for a fade. by UnclePennybagss1
Short of ABX Barrick Gold #ABXA clear setup; with the long-term chart (M) month. in downtrend. The Current-chart (W) Week is also in downtrend. the (W) is in clear move up, lots of buying to support this momentary fake uptrend. How do I know it is fake. Well one never knows anything as a disclaimer for any trading position; we stack up odd Enhancers in our favour. So, why did I take the SHRT at $26 while price was rallying (fake rally); the red line on the right hand (W) chart. the price met a Supply Zone, and this SZ happens to be Lower High of the (W) downtrend. a technical downtrend is marked by a series of Lower Lows and Lower High(LH), as long as the LH are not violated the downtrend continue. Once a price rally into a Lower High Supply zone, am looking for a tight SHORT entry, with a low-er risk STP loss just above the SZ & plenty of room below for the price to fall into & thats exactly what happened here. remembering the long-term is in my favour. thats a great off enhancer. I Shorted at 26.xx and price fell into my Profit-Target 1, where I closed 2/3 of the position at $5 profit per share. and I moved my STP loss down; today, with price opening well above my last STP Loss, after a weak end of speculation on fallout of banks, the Gold price goes up and so does ABX, no surprise here Shortby greatful-me0
GOLDGOLD is in a Buy area and can grow to 6917 where Golden pocket is. will update for new. 0-22Longby bibibitcoin1
Barrick Gold Screams Value !Although Barrick Gold currently trades at its most attractive valuation since the end of 2015, but the company is in much stronger shape than it was 7 years ago. Take a look at the following numbers: Year 2015 2016 2017 2018 2019 2020 2021 Total Assets: 26.31B 25.68B 25.31B 22.63B 44.39B 46.51B 46.83B Tick Mark Total Liabilities: 16.89B 14.99B 14.28B 13.25B 14.56B 14.80B 14.56B Tick Mark Total Common Shares Outstanding: 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B Tick Mark (No shares dilution) Based on above numbers I see a company with sharply declining costs and improving margins even in a weak gold price environment. While the Market Cap is 25.091B, The EV is standing at 36.03B & Book value per share is at 13.39. It literally means if this company gets liquidated which I don’t think so, I will get my money back at 13.39 per share. Only Ali Baba has similar metrics. In short these metrics mean I'm buying this company for free and this shall be our bottom. Longby SabahEquityResearchUpdated 4416
GOLD - Is ToppingWe think that there could be a lot of downside in the pipeline for Barrick Gold and here it has printed what appears to be a mini blow off top out of a bearish ascending channel. Hitting the 0.5 retracement and gapping up through the 200DMA, this looks ripe for a reversal. If dollar shows strength and also markets crash then this could have quite a big fall from here. As always we are looking at this type of thing every day 👍🏻. Not advice.Shortby dRends35Updated 101016
*GOLD - POSSIBLE BULL TREND*NYSE:GOLD Daily chart: Price cross above SMA 200, bullish confirmation candles. The pair has been trending upward on the daily chart . Price is making higher highs and higher lows overall. Price recently hit a top of resistance, which then quickly reversed, which than price rejected EMA21 to the upside. Bearish candlestick formation starting to form. Entry on third bullish candlestick pattern, price must bounce off EMA 21. Exit: Exit when target is hit or stop loss is triggered R/R: 1.1 - 1.4 TELL ME WHAT YOU THINK! ALPHA1RESEARCH.COM Longby TacticalTrade1
BRRICK = triangle SETUPBARRICK has been forming this long term triangle for a long time. over 10 years. when this mofo breaks out expect a high move higher. a long run mofo run higher. the longer price stays in a range, the bigger the breakout will be. the 2W chart shows a setup so strong. get your long positions ready . Longby RogueCleaner5