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BARRICK GOLD TRADE ALERT Buy GOLD August $16 Call

“BARRICK GOLD TRADE ALERT Buy GOLD August $16 Call” for Monday, April 22, 2024 is ready!
 
BARRICK GOLD

Leveraged Long Smart Money Positioning

Bullish Divergence Low in February
Profit Taking 10% off ten day ago One Year top
Minus 55% 2010 record high
Mostly $14 to $18 trading in last year with $16 midpoint pivot for pop to range top

$16 200 Day Moving Average support
Breakout target $22

Four Month ITM Option

To your success!

 

 

 

Alan Knuckman

 

DISCLAIMER: 

An option buyer runs the risk of losing the entire amount paid for the option in a relatively short time. The risk of writing options is substantial and may incur large losses. The writer of an uncovered call forgoes the opportunity to benefit from an increase in the value of the underlying interest above the option price, but continues to bear the risk of a decline in value of the underlying interest. Strategies using combinations of positions, such as spread and straddle positions may be as risky as taking a simple long or short positions. This brief statement cannot disclose all the risks and other significant aspects of trading options. You should carefully study and consider whether such trading is suitable for you in light of your circumstances and financial resources before you trade.

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