Barrick Gold Corporation Stock Code GOLD.NYS
Price broke above the cloud on 9 April 2020 with a strong and big candle and rose to a high of $28.50 on 23 April 2020. Since that high, a price correction brought price down to $22.13, which was inside the cloud and close to the initial breakout point on 9 April. Price broke above the cloud two days ago, hinting that the correction could be over and another bullish trend has started which could bring price to the previous high of $28.50. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud as well, hinting of a strong bullish trend. MACD is bullish and had a bullish crossover, hinting of a bullish trend ahead. Both of MACD lines are above the zero line as well. We expected price to move higher to test the previous high at $28.50 and in the longer term we are expecting a higher high.
$28.50 Price Target
$25.02 Risk Management Stop
3 weeks Trade Duration