I am currently NEUTRAL (but leaning BULLISH) on $Barrick Gold Corp(GOLD)$. Here's a look at their daily chart: As you can see, the stock is currently trading in a rising wedge formation, which is preceded by a move down and which is characterised by higher highs and higher lows that eventually converge and leads to a breakdown. As if yesterday, the stock briefly dropped below the rising wedge signifying a possible breakdown but found its way back into the wedge by the end of the day as the market continued to sell off across the day.  On a fundamental note, investors have been flocking back towards risk-off assets (i.e. bonds, gold, silver etc.) as the Fed has suggested that the economy is headed for a recession and a ta

Your morning bite. A smaller-than-expected BOC hike raises hopes for slower rate hikes globally. Meta's results stink.Stocks: Microsoft and Alphabet earnings weighed on Wall Street last night. Meta's earnings  this morning is likely to extend that trend. lt posted weaker than expected results, with EPS coming in below the $1.86 estimate and at $1.64. Revenues declined, and revenue guidance was below expectations. The S&P500 fell 0.7% and the NASDAQ dropped 2.3% in cashtrade. SPI Futures are implying a 26 point lift for the ASX200 this morning.  $S&P 500(.SPX)$  $NASDAQ(.IXIC)$