B/N trade ideas
GOLD FlagGOLD is consolidating in a bullish flag formation. It has also formed a double bottom within that flagging pattern. Looking for this to breakout soon to the 30-31 range.
Long Opportunity in Barrick GOLD. It's Coming Back!Algo GZ + high EW probability area +1H Vegas waves + Oscillators OK + Volume OK
GOLD Barrick Long Setup (1H)Green box: 26.05-26.57
Beware of a potential expanded flat in gold prices which would invalidate this count in Barrick Gold.
# GOLD short from 29 target 22 USD # GOLD short from 29 target 22 USD
# GOLD short from 29 target 22 USD
# GOLD short from 29 target 22 USD
Thanks
Long Opportunity in GOLD (Barrick)?GOLD Barrick consolidating below a big resistance trendline. It could be within a triangle 4 (confirmed by volume, unlike the commodity?). EW geometry not ideal. Green box #1 is 25.67-26.23.
GOLD, VELA DOJI DE INDECISIÓN.SOBRE LA WMA 30, EN EL SEMANAL.
ESPERAMOS CONFIADOS.
AJUSTANDO EL TRAILING
Long Opportunity in GOLD (Barrick Gold)Green box: 23.94-24.81. You can't see it well here but the green box is right at the upper trend line support, in this chart here:
Barrick Gold - Ascending Channel Intact Post-FOMCBarrick has been in an ascending channel since it bottomed in mid-March with multiple tests of the channel and 1 failed breakout after a parabolic rise. Move appears healthy with a slow grind higher.
Post-FOMC, gold continues to trade bullishly with dips being bought prior to the meeting and big spike after "whatever it takes" message from Powell. Since gold is trading higher with multiple tailwinds, Barrick appears ready for the next move up because:
- Channel respect today after initial drop from false breakout,
- Above rising 50, 100, 200 MA, and
- Sideways movements the last 2 weeks heading towards the bottom of the channel.
If it breaks the downtrend for the RSI, it should continue to move higher with resistance at $27.72 from 2008 - 2009.
If it fails to break the downtrend for RSI, likely to move lower with minor support at ~$25 from 100MA and resistance and major support at ~$24 from long-term trend from June 2018.
GOLD Rubberband SnapbackLooks like GOLD has rallied to far to fast, extending beyond the bollinger band and ranking over 90 on stochastics. Being that its on its 3-4 consecutive up day, these are all pointing to selloff for people to start taking profits. This can run down to 22 range, before it can rebase and run higher.
Barrick Gold $GOLD#BarrickGold broke out the and going to sky. I would wait for a pull pack as #RSI turned it way down.
$GOLD multiyear breakout
Huge potential tot he upside if it can break the .382 Fib resistance in the coming days .
barrick gold in canada (tsx) vs gold denominated in eurosweirdly enough i played with it and it seems better correlated with the gold/euro than the gold/usd (may 2017 to april 2018 it keeps on going up when barrick gold and gold/euro go down)
Barrick Gold reaching resistance.Barrick Gold bounced almost perfectly off of the rising support line of the monthly ascending triangle. Price is approaching the horizontal resistance, and a pull back to support is likely here. A close with breakout on volume above the resistance line would be an extremely bullish signal.
GOLD PullbackGOLD ran up into its 200sma on the daily chart and held a red close the next day. This is an indicator for a pullback play back to the lower level . The moving averages are pushing GOLD back down.
