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Barrick Gold Corporation (GOLD) “On a long-term technical basis, the stock (GOLD) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 28.50 and 26.05. If the stock breaks down through support at 28.50 then it will probably continue lower to 26.05. The stock will meet resistance at 30.25 and 31.91. If the stock breaks up through resistance at 30.25 then it will probably continue higher to 31.91. The 200-day moving average is at 21.26. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (73.52).”
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