$GOLD BARRICK GOLD CORP - RC -
Added 2024-01-06 02:26:39 +0000 UTCBoth Bull and Bear cases are still a possibility here at the moment while the price action continues to stay in the yellow channel but I am leaning towards the bull case scenario since Gold has made a new high over the last month and I expect it to be an attractive buu when the market pulls back in 2/3 months.
Holding on the 50 Day MA here on the weekly chart which is also the 200 Day MA on the daily chart too.
A break above the channel will be a significant win for the Bulls at $20.40, at the 200 Day MA on the weekly chart.
Comments
Price is now sitting at the .618 fib.
Lucho
2024-01-18 20:43:06 +0000 UTC
