[03/25/2019]Barrick Gold target 21 in this yearBreak out of downtrend line, and forming head & shoulder.
Target 21 very soon, and it's just my first aim.
I will come back after it reaches 21.
GOLD/N trade ideas
Barrick Gold Corp. exchange rate before 18% increase... Perhaps it is not surprising that the nature of the wave axis is similar to the wave axis of the XAUUSD. Similarly, both rates are moving symmetrically. We assume that further increases may occur. Its size and structure may be similar to wave A. But the direction is opposite. If this assumption is correct, the price rise target price is 16.51usd.
Barrick Gold short term outlookThe breakout of diamond formation is very bullish. here are some levels i am targeting.
GOLD: Weekly trend possible...I'm long $GOLD here, from a tad lower. I think this miner is primed to rally from this juncture, potential upside is very good if it manages to climb above Key Earnings Resistance above. We can hold for an extended period of time as long as we bottom here in the short term.
Best of luck,
Ivan Labrie.
GOLD (BARRICK GOLD EX ABX) LONG POSITION90 % TRADE PROBABILITY. TARGET 14.6 STILL ACTIVE. BARRICK GOLD CHANGE DENOMINATION TO GOLD BECAUSE GOLD WILL BE PRETTY REQUIRED. ENJOY.
$gold opened below 200 maYet I'm long Gold long term, but, you know positioning is what helps you to avoid low R/R ratios. We are way too far from what a breakout should be. I'll sit tight.
Tracking from the roots.You don't know where it is going but you can track the way it came where it is now.
If you are short Gold, well, I guess you are probably new here.
Ascending triangle Daily timeframeWith all the turmoil in the world the precious metal prices are rising!
On a weekly timefrime you can clearly see a ascending triangle forming in the gold price.
If breaking the 14 resistance Barrack gold can go up 30% to 18.30.
This is merely my opinion
abxover 18$ it will be a huge squeeze - I am long
vpoc of recent high to low is 18$ so big opportunity setting up
BULLISH CHARTS / INDICATORS - UPTREND, NEW CEO - STRONG BUY!BARRICK GOLD CORPORATION pulled back like we said in our initial post under ABX.
NOW...
Daily and Weekly Charts are BULLISH
On the weekly...
On Balance is trending up - BULLISH
Accum/Dist Trending Up - BULLISH
PPO Trending Up - BULLISH
Stochastic is starting to turn up - BULLISH
RSI is just under the center line getting ready to move above - BULLISH
MACD is turning up - BULLISH
GOLD today is now trading above $1,300 an ounce with our target between $1375 and $1500 an ounce moving forward. (3 to 12 months)
BARRICK should start to release positive news as they did today with the new CEO taking control of the company. (See news release today)
BUY at these low levels because we see BARRICK making new 52-WEEK highs soon!
WATCH FOR THE STOCK TO CLOSE ABOVE $13.00, IT SHOULD THEN MOVE HIGHER AND MAKE A NEW 52-WEEK HIGH
BullflagNice Bullflag on this gold mining company. Also being supported by the 50MA. Should go up to 14 or so when it breaks out
ABX daily bull flag setupKeeping an eye on ABX.TO tomorrow, we have a daily bullflag setup and currently consolidating on the 2hr chart in a Cup & Handle pattern. Bulls are looking to confirm the bull flag and want to do so one more than 1.4 million shares on the first hourly candle tomorrow - I want to see volume behind the breakout to confirm its real
