What’s changed?
Barrick’s share price posted further strong gains over the past week, continuing to track our primary scenario.
Primary Scenario
Our primary outlook is that the ongoing downtrend will persist, likely pushing price below support at $30.35. For the completion of this move, we’ve identified our blue Long-Term Entry Range at $23.77–$10.30.
Alternative Scenario
Alternatively, the next leg down could find support near $30.35, after which a rally to a new corrective high above resistance at $54.69 could unfold. Price would then also turn lower toward our Entry Range at $23.77–$10.30 (probability: 15%).
Barrick’s share price posted further strong gains over the past week, continuing to track our primary scenario.
Primary Scenario
Our primary outlook is that the ongoing downtrend will persist, likely pushing price below support at $30.35. For the completion of this move, we’ve identified our blue Long-Term Entry Range at $23.77–$10.30.
Alternative Scenario
Alternatively, the next leg down could find support near $30.35, after which a rally to a new corrective high above resistance at $54.69 could unfold. Price would then also turn lower toward our Entry Range at $23.77–$10.30 (probability: 15%).
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.