Barrick Gold can resume its bullish trip soon

24. Juni 2021

Looking at the weekly structure of GOLD stock, the chart tells me that this great gold miner company can trigger soon a buy signal. 200EMA, strong support, trendline, counter TL break, short term bearish structure break and fibo 78,6 on the latest momentum all supports the entry. Fundamental side, if I step back a few, the pictere is still very bullish for precisious metals and commodities for the coming 1-1,5 years. Huge money supply and inflation expectations are both still valid for a while. Let the market decide if this thinking is wrong or not. Cheers.