I only own physical gold right now but with the uncertainties in the market and the Fed pumping in trillions of dollars over the next couple of months, I decided to look at some gold mining stocks to hedge against the dollar.
Barricks Gold looks to be consolidating and has shown support at the 61.8% fib retracement line. This is also a long term support line and I think it is going to hold up to propel this stock higher. RSI is not overbought, MACD looks to be gaining momentum, and the bollinger band width is fairly low. Looks like somewhat of a bull-flag to me.
Go long or go home. This is not financial advice!
Barricks Gold looks to be consolidating and has shown support at the 61.8% fib retracement line. This is also a long term support line and I think it is going to hold up to propel this stock higher. RSI is not overbought, MACD looks to be gaining momentum, and the bollinger band width is fairly low. Looks like somewhat of a bull-flag to me.
Go long or go home. This is not financial advice!