Long barrick Very long term projection here. Barrick is the worlds largest mining company, with a network of Gold, Silver, Copper mines.
GOLDD trade ideas
Long term perspective on Barrick Gold CorporationToday, we will speak about Barrick Gold Corporation :
Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada. (you can read this type of description on the right sidebar of your screen on Trading View.)
Technical Aspects:
-In April 2020, we saw a huge breakout of a major support/resistance zone that was working since 2013
-After the peak in August 2020, the price started consolidating since the current date
-Based on the price action we are observing, we expect an increase in the price of GOLD stocks as a consequence of an increase in Gold (spot) prices (Link in related ideas)
-It's important to say that the price has not broken the corrective pattern yet. However, we expect a bullish movement from current levels towards the higher trendline of the corrective pattern and maybe a clear breakout
-From there, we may see a correction on the edge of the corrective pattern above the corrective pattern. This type of behavior is pretty common after the breakout of a key area or structure
-Here, we will provide an image that you can use as a template to think about these Throwbacks (Re test of broken structures or levels)
- The conservative target we are looking for on GOLD is the first fibo extension at 1270
- Take into consideration that we are working on a Daily chart; this requires patience and time to see the price evolves (200 - 300 days towards the final target)
GOLD [LONG]Bullish divergence on 1D timeframe
Ill post my ichimoku analysis l8er after watching it a while longer
ABX bullish I am already in this trade in call options. I see this playing out well.
The gap fill target would be really nice for options traders.
Either way, still trading well below analyst avgs and strong buy IMO.
BARRICK GOLD CORPORATION - 1h - Longwe can see a possible triangle formation, we need that the superior support is not lost
Who said tha Gold is dead? Possible reversal and uptrendI think $GOLD is bullish and may fit also a narrative, the gold spot value is bullish, hedge against inflation, plus bitcoin, plus hedge against correction in the equity market or volatily.
Price target is difficult since Gold is a slow mover. Let's say 24$.
Gold Miner Barrick Gold on the long runThis is my Idea for the Gold Miner Barrick Gold on the long run, based on Elliott Wave Counts and Fibo Extension.
Please let me know what you think about it.
Best Regard from Germany
Gold-Esel
NYSE:GOLD Barrick Gold : BUY, Target 49.26 (+65.58%)NYSE:GOLD Barrick Gold Stock :
BUY,
Entry 29.75
Target 49.26 (+65.58%)
Stop 25.69 (-13.65%)
Note: Mining shares look strong and good. They seems to be supported by some big men. If they soar over 49.26, it means they will rise very high. In my opinion, it's time to buy gold mining stocks. Key prices are 25.69, 37.39 and 49.26.
Barrick Gold We are in an environment where precious metal should thrive. Past 6 months Gold, silver, miners, etc have been lagging behind. Did Bitcoin replace gold and silver? No! We still need metals especially silver.
Weekly Barrick Gold chart looks bullish. Price is bouncing off 200 MA, broke out of and retest falling wedge.
Pays a dividend on top of it all.
Not a bad long term bet imo
neutralShort term bullish, long term bearish.
I think we could go abaout 15 before we will hit all time high.
GOLD Barrick WEEKLY chart possible $31Gartley Harmonic Bat GOLD Weekly chart. Will it climb to $31? Thoughts?
Are gold stocks like Barrick Gold cheap enough yet ?waiting to see signs of life in gold stocks. below moving averages still and no signs of upward trend yet. but willing to consider buy stop orders to get pulled in as rises, IF RISES.
ONCE BITCOIN COOLS OFF, WHERE WILL THEY GO?LONG TERM THERE IS LITTLE DOUBT THE GOLD CYCLE WON'T RESUME IT'S BULL RUN.
With commodity prices skyrocketing due to the potentiality of real negative rates (regardless of what they say) these plays will be a substantial part of my long term.
Barrick Gold's Quarterly Log ChartBarrick Gold's bullish megaphone with a 70$ - 85$ target range in 2023.
A convincing Q2 close above 21.35$ confirms move upwards.
