Barrick Gold Corp $GOLD a buy the dip opportunity?

Barrick Gold Corp $GOLD a buy the dip opportunity?


January 2023


Alex Cole

Gold, and therefore miners, (in this case $GOLD) are seeing strong price trends currently.

$GOLD has fallen away from its most recent high. A series of Go Countertrend Correction Icons (red arrows) highlighted that price may struggle to go higher in the short term.  However, we can see the "Go" trend that has been in place for $GOLD since early November '22. GoNoGo Oscillator has consistently found support at zero giving several Go Trend Continuation opportunities in the form of green circles.  Now, as price pulls back from the high, we can look to see if GoNoGo Oscillator finds support again, offering up another buyable opportunity.  The weekly chart, for good measure, has entered a "Go" trend as well.