GOLD: $8 by 2024
Barrick Gold breaking down out of a rising wedge after being rejected off the 200M MA. If this is a 1:0.618 ABC correction, the target is: $7.78 which intersects with a high volume node on the volume profile. If this is a 1:1 ABC correction, then the target is $3.3, which does coincide with a long term 0.618 fib. Not a bullish outlook for the best inflation hedge imo.
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