ABR trade ideas
GOLD - This Might Hit .702 Fibonacci Retracement I think the GOLD might test back the moving averages, we also see that we have RSI(30). We have a good support between 22-24.
$GOLD. Warren Buffett's worst investment? Maybe.. 2 days ago Warren Buffet sold half his stake on Barrick Gold which means this stock will drop hard. My stop loss order is shown in the charts. Its last support is $24.40 we touched that so that means more downfall. Tomorrow will probably be a false breakout for it and then it will drop past its last support($24.40). All hope is not lost thought. GOLD should be a long term investment for next year to hedge against president Biden's hyperinflation agenda. That being said, $15-20 mark price would be ideal to buy this up in order secure 3x ROI for next year on this Stock. All the smart money will be heading to big pharma now/Crypto. Commodities will be left in the dark until Biden becomes president.
-Bay Area student in the making.
Promising Long Opportunity for Barrick GoldBerkshire Hathaway may have bought this back in the second quarter but it is not too late to get onboard this market. The technical outlook appears bullish over the mid-term as we expect more upside from this market over the next three months. That said, we would wait for the price to retest channel support at around $25 before moving in. Our upside target is between $35 - $36. Even though we know that price could easily get higher, our objective is clear: a three-month trade for a 30% - 35% profit.
Barrick Gold Testing Major Support LevelWith gold selling off yesterday, this miner giant has been under strong bearish pressure. Look to buy into support above 26.
$Gold with a slight bullish outlook after earnings reaction$GOLD is expected to have a slight bullish outlook after a positive under reaction following its earning placing it in Drift A. Price is currently trading below the lower boundary of the Projected PEAD cone.
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GOLD earnings 11/05 at 6:10amTarget $30
3rd Quarter 2020
Consensus: $0.32 eps
Revenue: $3.35 BilLion
keep it on your watch list!With the next earning coming next week, we will see getting out of the consolidation!
the average gold price was 1750-1900 for this quarter while it was 1600-1750 in the previous quarter!
Barrick Gold w43 2020. WAit for Buy signalMontlly
Uptrend
Weekly
Uptrend bounced from SR level
Daily
Correction in flat
Price in low BB channel.
Probably will go down.
Wait for clear trend and open buy due to it is GOLD company and Gold up.
currently at a buying zone for a swing tradeBefore the gap up on news that BUFFET bought a bundle of stocks in ABX...now is back to that zone before the news. Also spotted a Falling Wedge.
Will try some here for a swing...
Adam and Eve Bottom Will Send Gold Parabolic Very Shortly!The Adam and Eve Bottoming Structure Could send Barrick Gold Into ATH... Q4 is Quite Bullish and Interesting time for GOLD, Silver and Cryptocurrencies. Bitcoin has recently decoupling from traditional markets and if this trend continues the masses could swarm into such assets during the next traditional market flash crash.
Shares of Barrick GOLD before rising 65%.Shares of Barrick GOLD before rising 65%. Barrick shares are currently making an accumulation movement exactly around their fair value. The fair value is 28.06 usd. At a lower level of $ 2, Warren Buffet also bought out of the stock. GOLD (Barrick) begins construction of the second rising wave of a double rising wave system. In case my analysis is correct the target price is 45.47usd. An increase of 65% from the current level.
