Barrick Gold, picking up nuggets

This setup is almost identical to the AEM setup shared a short while ago. Barrick is in the high probability buying zone, thus offering a great risk-reward setup for new long trades. Stop loss below the buying zone and target at the recent swing high.

Commento:

This trade is working so well. Price has cleared the short-term moving average and the Gold price has hit all-time highs. We're happy to hold on and enjoy the ride from here.

Trade chiuso manualmente:

Gold seems to be running out of momentum. Happy to take the money off the table here. I think gold and this stock still goes much higher; I just think that it's likely time for a short-term pullback. We could get in again lower down.