USDJPY and Inverse Barrick Gold >1986 as Store of Equity FundsUSDJPY Yen and Inverse Gold (indicating dollar value - Barrick Gold has longer data to 1986) as Store of Funds for Stock Purchases vs. DJI; with comparisons to USDEUR and the DXY dollar index . Phases of positive correlation and also phases of inverse correlation.
B/N trade ideas
Beginning of Gold UptrendI know this idea is definitely in the minority, however i remain long term bullish.
As you can see on this yearly chart, gold has broken out of its downtrend, (Red Channel). Now in a slight uptrend (Blue Channel) with minor runs possibly lasting 3-4 months. A break of the blue uptrend channel is a definite sell signal.
This idea comes from way out in left field but it has played out thus far and i think it'll continue.
Thanks for reading!
GOLD (Barrick) exchange rate before 8% rise.... The exchange rate has reached the bottom of its correction level. This level could be 12.16 usd. I expect a rise from this level. The rise target price is 13.26 usd. Other Strategic Formatting The "mirror axis" projected on the D1 ATR axis is expected to be tested. This is the primary resistance level.
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.
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.