GOLD SnapbackGOLD fell down all the way to the $13 level today, followed by a huge bounce closing at 16.3. This is equated to a snapback that was needed due to a rapid decline in gold over the last week. I do believe gold has reached its bottom today and will see alot more upside in the coming days. This play will be until the 19 level where it will face resistance, before it can continue another push higher potentially.
B trade ideas
BARRICK GOLD - ABX Nice climb up as SAFE HAVENBARRICK GOLD - ABX
Nice climb up as SAFE HAVEN IN GOLD STOCKS...during these times. Recently given upgrade valuation.. NEW YOR analysts. AVERGE TARGET --- C$28.84 ▲ (8.88% Upside). UPSIDE GOLD
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
$GOLD.Hace unos días subía este gráfico mostrando la formación de HCH invertido que se estaba gestando en $GOLD. El mercado también estaba dando indicios de que estaba buscando un refugio de valor ante la expansión del coronavirus. Hoy cierra exactamente donde estaba fijado mi objetivo dado por la extensión de la figura. Algunos dicen que el AT es verso, la realidad siempre termina mostrando lo contrario, lo real si es que twitter esta lleno de vende humos, eso es otra cosa.
Barrick making a multi year Leading Diagonal? $37 by Sept 2021Could Barrick Gold make a multi year Leading Diagonal?
Could we see $37 in Sept 2021 hitting the 161.8% extension of wave 1?
Then to retrace 38.2% by March 2024 to $24 before finishing the leading diagonal at $55 in March 2026
Could the leading diagonal end at the previous ATH back in 2011?
Such a long term estimate is difficult but I would like to come back to this in 2021-2022
GOLD (Barrick) The gold mine. GOLD (Barrick) The gold mine. The exchange rate may be facing a significant rise. The technical picture shows that we are in phase 3 of a very regular evolving fractal system. Typically, the previous fractals are copied at a 2: 1 ratio. Let's pause here. It is common for Stage 2 to finish copying (which we have not yet seen) and switch to another rule system. It is the "forerunner" of exponential growth. This is no different than the FIBO series. 1-2-3-5 For now, we are on the verge of this. Now I can't decide whether it's going to be a regular 2: 1 fractal copy or the 3rd wave of that FIBO series. In any case, I expect a steady rise with a target price of $ 33.50.
Barnes Group Inc
Upcoming Earnings today for Barnes Group Inc (est: 0.84) a miss could see Barnes re-test the top side of the rising channel. Anywhere inside the channel would be considered bearish for the short to medium term at least.
If expectations are met or beat, low 70s would be the first target to consider.
ABX : Buy Setup
There are 3 reasons why I chose ABX stock:
I am looking forward to a downward movement in USDCAD. (More explanation on Related Ideas.)
I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index.
You can follow and let's communicate )
I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
Ideas.)
Technically, it is suitable for long position.
Parameters
Risk/Reward Ratio : 1/2.59
Stop-Loss : 21.79
Goal : 25.88
BARRICK FINALLY TURNS AROUND! SOLID EARNINGS! STRONG BUYROCK SOLID EARNINGS REPORTED THIS MORNING
Barrick Gold (GOLD) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 21.43%. A quarter ago, it was expected that this gold and copper mining company would post earnings of $0.10 per share when it actually produced earnings of $0.15, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Barrick Gold, which belongs to the Zacks Mining - Gold industry, posted revenues of $2.88 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $1.90 billion. The company has topped consensus revenue estimates two times over the last four quarters.
Great Job Mark Bristow, CEO