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BARRICK GOLD CORPBARRICK GOLD CORPBARRICK GOLD CORP

BARRICK GOLD CORP

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ABR trade ideas

Do you see a rising wedge or an ascending triangle forming? Note: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in the market tend to get hurt the most. Observations: It seems like it is developing two different patterns. The first being a rising wedge, which is considered a bearish sign. The second being an ascending triangle, which can be considered a bullish sign. Notice how I have highlighted the resistance zone with a grey rectangular box. I did this to highlight all of the areas where price action bounced off of (or reversed). It will take a great deal of buying to get above this zone. If price does break above this grey zone, I think that a further move up will ensue. At the very least, to touch the top of that rising wedge I've drawn out. But if it breaks below trendline (B), I expect some strong selling off will follow. I personally believe that the price will continue to consolidate within the ascending triangle I've drawn above. It will take a lot of fighting to break through each extreme edge, especially the resistance zone (A). Therefore, it is suggested to watch carefully when price does reach these two extremes.
NYSE:GOLD
by PoorRicardo
1
GOLD (NYSE) long setup 1:3 risk with multiple targetsGOLD is a gold mining company, Barrick Gold Corporation. GOLD broke out the resistance and stayed above it. I'm expecting more up move. Winning probability of this trade is less than 35%. I am going to trade this setup with a proper risk management. GOLD LONG SETUP: 1. Entry: 16.76 (or market open at 29th Nov 19) 2. Entry: 17.23 Stop-loss: 15.96 (0.8 pts) 1. Target: 18.96 (2.2 pts - 2.75 R) 2. Target: 19.97 (3.21 pts - 4.0 R) Disclaimer: This is not a financial or investment advice. Trade safe, Atilla Yurtseven
NYSE:GOLDLong
by AtillaYurtseven
BARRICK GOLD CORP Re-Entry priceMr. Pips proprietary ADCT indicator says that BARRICK GOLD CORP . will head higher once it retraces to his indicators trendlines . First entry position set at 16.66. Add to the Long position if it touches 16.55. First target, 17.03. Second target, 17.30. Stop-Loss 16.07 Mr. Pips isn't smarter then any of you. He just has the best indicator ever created! Remember this post when the targets are hit. Mr. Pips quote of the day: "You will lose a whole lot of money chasing women. You will never lose women chasing money!" Mr. Pips wants you to have a blessed and profitable day!!! Disclaimer: All information provide by TheRealMrPips is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
NYSE:GOLDLong
by TheRealMrPips
Barrick Gold: Gearing Up for Next Bull RunBarrick is one of those seniors that is notoriously heavy in short interest until a true bull run starts, and we may be around the corner from the second, and the second "real" bull run for Gold (for this year). For now, it seems like the 1450 floor has held. For those who wish to "risk" waiting for a further drop in Gold, you may time yourself out of the market completely, only to _potentially_ save an additional 3-4% in stocks. In my opinion, the bottom for Goldspot is in the books. RSI has created a solid and supportive base-line and the downtrend for many Gold stocks has either reversed already, or on the verge of reversal despite Goldspot being still far below 1500. Barrick is extremely undervalued, and with their future acquisitions, recent dividend increase and excellent numbers, this stock should be trading in the $45-50.00 range at current Gold prices. SL: $20.23 TP Q2 2020: $45-50 Strong Buy - zSplit
TSX:ABXLong
by PaulDeep19131
6