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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 implies it is in a positive trend.
The stock has support at 23.45 and 21.83. If the stock breaks down through support at 23.45 then it will probably continue lower to 21.83. The stock will meet resistance at 25.16 and 28.29. If the stock breaks up through resistance at 25.16 then it will probably continue higher to 28.29. The 200-day moving average is at 19.40. This will also act as support. The stock is neutral according to the Stochastic Indicator (47.46).”
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