Barrick Gold Technical setup on the weeklyHello guys!
Barrick Gold on the weekly looks pretty bullish. In context of Gold rising, there is no telling where Gold could top out. It's RSI keeps making higher highs and canceling most bearish divergences, and so I think Gold's prices could remain elevated for years to come.
About BARRICK MINING CORPORATION
Sector
Industry
CEO
Dennis Mark Bristow
Website
Headquarters
Toronto
Founded
1983
FIGI
BBG000CX92R0
Barrick Gold Corp. engages in the production and sale of gold, copper, and related activities. It also provides exploration and mining development. It operates through the following business segments: Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, North Mara, Bulyanhulu, and Other Mines. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada.
Barrick Gold (strong buy) I want you guys take a look at some things real quick
Current Environment Macro Landscape:
Defensive + Hard Assets -
Gold, Miners, Energy, Real Estate (inflation hedges)
AI & Mega Cap Tech -
MSFT, NVDA, AMZN — inflows
China / Trade War Plays -
FCX, CAT, Global Industrials
Reflation / Commodity Rot
Long after earnings.Earnings Scenarios
Optimistic Scenario
Probability: 65%
Assumption:
The company will exceed EPS expectations (0.25 USD) due to increasing demand for gold as a safe-haven asset amid geopolitical uncertainties and inflation.
Market Reaction:
The stock price will rise to 18.5 USD (+10%).
Barrick Gold Corporation ($ABX): Golden Opportunity or Risky
Barrick Gold Corporation (ABX): Golden Opportunity or Risky Prospect? 🏆💰
1/10
Barrick Gold TSX:ABX has seen a solid financial performance recently. EPS for the last quarter hit C$0.42, with next quarter estimates at C$0.63. They beat estimates 75% of the time in the past year. 📈
2/10
Analysts ar
4x Triangle breakout on Golds rising tide Bullish chart
Looks like multi year triangle break out my guess is upside
It could break out and stop at a fib target so guess round number is 80 at fib =1
I am tracking about 22% increase from here to gold base metal target so this is 4x of that move which seems a lot can it do that in 2025 or
Bullish on BarrickYeah so, my purchases of GOLD in the past few years haven't tracked the gold price very closely. As leverage on physical gold it hasn't been such a good pick.
However, I am seeing some signs of a change in price-action. Daily RSI is showing higher lows, while price is testing everyone's patience :)
GOLD - Falling Wedge ABCD PatternGOLD has broken down from bearish rectangular consolidation. Prior to bearish rectangle, a falling wedge was formed from recent highs. Now it seems falling wedge is part of ABCD pattern, which means there is one more leg downwards to go.
In ABCD pattern, the size of the second move downwards is ve
Barrick Gold Corporation to $3On the above 2 month chart price action has enjoyed a 340% rally from the $7 lows of 2016. A number of reasons now exist to take a bearish outlook.
1) Broken market structure printed in 2013. Confirmation of broken structure printed recently in March 2022 (yellow arrow).
2) Trend reversal. Lower h
Swing Trade On $GOLD (Barrick And Gold)Swing Trade On TVC:GOLD (Barrick And Gold).
This implies the price of Gold OANDA:XAUUSD to rise which will make TVC:GOLD rise as well. This play could take a month or early 2025 but will TP 100%.
Barrick Gold (GOLD): Up 33%—Time to Take Profits?What a rise by Barrick Gold since we bought some shares at the end of February 2024. Patience pays off most of the time, and so it has with Barrick Gold. We are now up over 33% with this stock, and we’re very happy with this last-second entry before the stock took off. Gold continues to rise, and Ba
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of ABR is 16.868 EUR — it has decreased by −1.76% in the past 24 hours. Watch BARRICK GOLD CORPORATION stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on FWB exchange BARRICK GOLD CORPORATION stocks are traded under the ticker ABR.
ABR stock has risen by 2.26% compared to the previous week, the month change is a 6.25% rise, over the last year BARRICK GOLD CORPORATION has showed a 8.50% increase.
ABR stock is 1.79% volatile and has beta coefficient of 1.30. Track BARRICK GOLD CORPORATION stock price on the chart and check out the list of the most volatile stocks — is BARRICK GOLD CORPORATION there?
Yes, you can track BARRICK GOLD CORPORATION financials in yearly and quarterly reports right on TradingView.
Like other stocks, ABR shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade BARRICK GOLD CORPORATION stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So BARRICK GOLD CORPORATION technincal analysis shows the sell today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating BARRICK GOLD CORPORATION stock shows the buy signal. See more of BARRICK GOLD CORPORATION technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.