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Takip Edin: @UscMarketsGOLD Stock Forecast & Barrick Gold Corporation Chart Analysis
This article provides a detailed analysis of GOLD-Barrick Gold Corporation stock including a forecast for GOLD shares. It features Barrick Gold Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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GOLD Historical Data Review
GOLD Current Price Performance Analysis
The Barrick Gold Corporation - GOLD stock traded on the American stock market, on 06-05-2024, closed at 16.7$ with a %1.27 increased compared to the previous day.
In the last month, the price of GOLD changed by %0.18 increased in value, from 16.67 dollars on 05-06-2024 to 16.7 dollars, increased.
Last year, the price of GOLD was 17.13 dollars on 06-06-2023, and changed by %-2.51 decreased in value, to 16.7 dollars decreased within a year.
The price of Barrick Gold Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
GOLD with AI Stock Forecast & Price Target
On the GOLD chart Barrick Gold Corporation price was recorded as 16.7 Dollars on 06/05/2024.
The artificial intelligence's forecast on GOLD stock is as follows.
The artificial intelligence's prediction error margin for GOLD stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Barrick Gold Corporation stock over the next 4 months is: 18.6 Dollars.
The commentary on GOLD stock Target Price: Highest: 20.383 Dollars is predicted.
The commentary on GOLD stock Target Price: Lowest: 16.852 Dollars is predicted.
Resistance Price where Barrick Gold Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 18.580 |
| 09-13-2024 | 20.383 |
| 11-27-2024 | 18.633 |
| 01-16-2025 | 19.305 |
| 02-05-2025 | 19.204 |
Support Price where Barrick Gold Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 16.873 |
| 10-28-2024 | 18.614 |
| 11-22-2024 | 18.611 |
| 12-02-2024 | 18.625 |
| 01-31-2025 | 19.203 |
| 04-01-2025 | 16.852 |
The commentary on GOLD stock: Fluctuations in the target price can be expected in the coming days.
The target price for Barrick Gold Corporation stock by the end of 2024 is predicted to be 19.089 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on GOLD stock, and the 2024 target price predictions for Barrick Gold Corporation are detailed above.
The technical analysis and charts for the commentary on GOLD stock are below.
GOLD Support & Resistance and Trend Analysis
GOLD stock you have reviewed the technical analysis support resistance charts regarding.
GOLD : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the GOLD review, the Barrick Gold Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Barrick Gold Corporation Support and Resistance Prices:
| GOLD Support Level Price | GOLD Resistance Level Price |
|---|---|
| 13.76 | 15.04 |
| 14.27 | 16.05 |
| 15.01 | 16.25 |
| 15.09 | 16.36 |
| 15.19 | 16.70 |
| 15.33 | 17.45 |
| 16.10 | 17.53 |
| 16.17 | 17.96 |
| 16.26 | 18.10 |
| 16.36 | 18.23 |
| 18.54 | |
| 18.95 |
GOLD Technical Analysis: SMA, RSI, MACD
Upon reviewing the GOLD chart, buy and sell signals have been generated in the Barrick Gold Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for GOLD stock are as follows:- The technical analysis for GOLD indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Barrick Gold Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Barrick Gold Corporation stock: Click here to read more predictions on Howmet Aerospace stock.
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