BARRICK GOLD CORP. - Daily - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 14.50 USD
My targets
18.18 USD (+13.55%)
20.50 USD (+28.04%)
My analysis
BARRICK GOLD CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 14.50 USD. The next resistance located at 18.18 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20.50 USD. After this resistance, buyers could then target 23.16 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BARRICK GOLD CORP. rating 16.01 USD. The price registered a decrease of -1.42% on the session with the lowest point at 15.72 USD and the highest point at 16.45 USD. The deviation from the price is +1.84% for the low point and -2.67% for the high point.15.72
16.45
16.01
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BARRICK GOLD CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.33 | 14.04 | 14.50 | 16.01 | 18.18 | 20.50 | 23.16 |
| Change (%) | -16.74% | -12.30% | -9.43% | - | +13.55% | +28.04% | +44.66% |
| Change | -2.68 | -1.97 | -1.51 | - | +2.17 | +4.49 | +7.15 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.25 | 15.46 | 15.85 | 16.06 | 16.45 | 16.66 | 17.05 |
| Camarilla | 16.08 | 16.13 | 16.18 | 16.24 | 16.30 | 16.35 | 16.41 |
| Woodie | 15.34 | 15.51 | 15.94 | 16.10 | 16.54 | 16.70 | 17.14 |
| Fibonacci | 15.46 | 15.69 | 15.83 | 16.06 | 16.29 | 16.43 | 16.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.47 | 13.14 | 14.37 | 15.04 | 16.27 | 16.94 | 18.17 |
| Camarilla | 15.08 | 15.25 | 15.43 | 15.60 | 15.77 | 15.95 | 16.12 |
| Woodie | 12.75 | 13.28 | 14.65 | 15.18 | 16.55 | 17.08 | 18.45 |
| Fibonacci | 13.14 | 13.87 | 14.31 | 15.04 | 15.77 | 16.21 | 16.94 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 83.24 | |
| MACD (12,26,9): | 0.8200 | |
| Directional Movement: | 39.45 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 15.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.71 | |
| Elder Ray (13): | 1.41 | |
| Super Trend (3,10): | 14.57 | |
| Zig ZAG (10): | 16.01 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 93.98 | |
| TEMA (21): | 15.79 | |
| Williams %R (14): | -13.25 | |
| Chande Momentum Oscillator (20): | 2.47 | |
| Repulse (5,40,3): | 4.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6000 | |
| Courbe Coppock: | 36.92 |
| MA7: | 15.16 | |
| MA20: | 13.86 | |
| MA50: | 13.08 | |
| MA100: | 13.16 | |
| MAexp7: | 15.30 | |
| MAexp20: | 14.20 | |
| MAexp50: | 13.47 | |
| MAexp100: | 13.17 | |
| Price / MA7: | +5.61% | |
| Price / MA20: | +15.51% | |
| Price / MA50: | +22.40% | |
| Price / MA100: | +21.66% | |
| Price / MAexp7: | +4.64% | |
| Price / MAexp20: | +12.75% | |
| Price / MAexp50: | +18.86% | |
| Price / MAexp100: | +21.56% |
News
Don"t forget to follow the news on BARRICK GOLD CORP.. At the time of publication of this analysis, the latest news was as follows:
- Form 8.3 - The Vanguard Group, Inc.: Barrick Gold Corporation
- Form 8.3 - The Vanguard Group, Inc.: Barrick Gold Corporation
- Form 8.3 - The Vanguard Group, Inc.: Barrick Gold Corporation
- Form 8.3 - The Vanguard Group, Inc.: Barrick Gold Corporation
- Statement re. Acacia Mining plc
This member declared not having a position on this financial instrument or a related financial instrument.
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