Possible long term purchases of gold

GOLD Time frame: H4 Technical Analysis: Since August 2018, gold has been in a strong upward trend, with strength to break resistance after resistance. Finally, it was able to find a strong resistance at $ 1354 from where it went down. The price began to consolidate by forming the figure “Triangle”. The figure is a […]

Gold closed the month in red, but it is targeting $ 2,000 per ounce.

Gold prices retreated from the 10-month highs in recent sessions, leaving investors wondering why the many geopolitical and economic problems that hamper the market are not able to fully support the metal. Gold has shed this multimonth peak just over a week ago amid uncertainty about Brexit, the US-China trade dispute, and global economic growth. Prices […]

GOLD: “Sell” to 1000$ Before FED?

GOLD Time Frame: Н4 Technical Analysis: The price has formed descending price formation “Triangle” at resistance zone around 23.6%Fibo from the downtrend formed on 11.04.2018г. The formation has been breached from Friday impulsa at 21.09.2018г. Indicators:The price is below 50,100 and 200 DMA supporting Bearish scenario Enter: Aggressive enter is at current levels – 1190$, the more conservative […]

Barrick reached an agreement and extended $ 4 billion loan

Barrick Gold Corp., the largest producer of the metal in the world, extended $ 4 billion revolving loan of one year. Most of the loans have been extended from one year to 2021g. Earlier this week, Barrick announced a second offer to repurchase outstanding debt worth $ 1.5 billion Since gold prices are trading near […]