Technical analysis by OM-MADY-stockmarketclasses about Symbol PAXG: Buy recommendation (10/30/2023)

lagging Gold Miners @BarrickGold is lagging behind Gold's bull run with much room to play catch-up. During the COVID pandemic, a lot of miners did not have the capacity to stay afloat and they were forced to shut down. This gave miners such as Barrick Gold a fresh market to supply as the demand for gold by central banks and retailers skyrocketed. Gold has the potential to trade above $ 2,000 as demand pushes it towards $2,500. I am looking at Barrick Gold to see better days in its earnings in the years to come as seen in the growth it has had YTD.