Barrick Gold Corporation (NYSE:GOLD) Jumped Up 2.3%, But Why?

      Comments Off on Barrick Gold Corporation (NYSE:GOLD) Jumped Up 2.3%, But Why?

In its latest trading session, Barrick Gold Corporation (NYSE:GOLD) spiked up by 2.3% – here is what that looked like (as of 2019-12-04):

What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 13.943, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.01, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.323, an Accumulation/Distribution Index (ADI) of 0.323, an On-Balance Volume (OBV) of 44.167, and a Chaiikin Money Flow (CMF) of -16.89. 1.353

So what do these technical indicators mean? Let’s see. Consulting Trading View, this is what it all means:

So there you have it – our analysis of Barrick Gold Corporation (NYSE:GOLD). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.