Barrick Gold (GOLD) is pulling into its 200-dma as volume declines after posting a moving average undercut & rally (MAU&R) at the 200-dma, essentially a quick shakeout at the 200-day line. In this position, an MAU&R functions as a long entry signal using the 200-dma as a tight selling guide. Gold has again held the $1950 support level and is now trading at $1974 as it turns positive on the day. This is constructive for the miners, so if playing the long side of one of these monitor gold prices closely.
Undercut & Rally - Barrick Gold (GOLD) MAU&R 6/5/23
|Published:||5 Jun 2023 13:05 ET|
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