Barrick Gold stock price forecast: Upside volatility expected as ABX jumps 4.91% to $66.48

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Barrick Gold up 4.91% at C$66.48

Highlights

Barrick Gold's Q4 2025 results, set for release on February 5, are expected to reflect benefits from higher gold prices amid ongoing production challenges.
All-in sustaining costs rose to $1,538 per ounce last quarter, with 2025 guidance for AISC at $1,460–$1,560 and cash costs at $1,050–$1,130 per ounce.
Technically, C$66.48 trades below the MA-20 (C$67.98) but well above the MA-50 (C$62.29), suggesting medium- and long-term bullish trends despite short-term selling pressure.

Production setbacks and rising costs limit upside from higher gold prices

Barrick Gold is scheduled to release its fourth-quarter 2025 results before the market opens on February 5. The company's results are likely to be impacted by higher gold prices, but ongoing production challenges and increased all-in sustaining costs, which rose to $1,538 per ounce in the previous quarter due to elevated cash costs and lower output, remain a concern. Barrick continues to project full-year 2025 cash costs per ounce between $1,050 and $1,130 and expects AISC in the $1,460–$1,560 range.

Mixed momentum and negative sentiment amid key technical support levels

Short-term technical analysis shows price action below the MA-20 but supported above the MA-50 and sharply above the MA-200, suggesting ongoing bullish momentum in the medium and long term. The Ichimoku Kijun at C$66.28 acts as dynamic support, while immediate resistance aligns with the MA-20 and the round C$68 level. Momentum signals remain mixed: the MACD signals strong buy, the ADX stays in sell territory, Stochastic RSI and CCI both flash oversold, and RSI is neutral-to-weak just under 44. Bull/Bear Power remains deeply negative, confirming intraday seller dominance, and price has reversed higher into the top of today’s volatile range.

Consolidation likely as breakout potential tests defined price bands

Over the next five trading days, Barrick Gold is expected to consolidate within a volatility band of C$65.00 to C$69.50, in line with recent price swings. Weekly technicals suggest an over 80% probability of further price gains, making sharp pullbacks less likely. If the price breaks decisively above C$69.50, momentum could carry it toward the C$71.00 area, while any drop below C$65.00 may open the way to C$62.00–C$62.50.

Anton Kharitonov, expert at Traders Union, sees medium- and long-term technicals for Barrick Gold as bullish, but is cautious due to short-term weakness and ongoing fundamental challenges. He notes the stock is holding above the MA-50, but higher all-in sustaining costs and production issues cloud the outlook. The analyst believes the C$65.00–C$69.50 range will likely persist, with risk skewed to the downside on any break below support. "Until Barrick Gold delivers clearer production stability or retakes C$69.50, I remain defensive on further upside," Kharitonov says.

Previously it was reported that Barrick Gold Corporation is experiencing short-term pressure after a sharp decline, trading below its 20-day moving average but remaining above longer-term supports, reflecting underlying bullishness despite recent volatility. Momentum indicators are mixed, with MACD and ADX showing ongoing trend strength, while oscillators such as RSI, CCI, and Stoch RSI indicate conflicting signals; immediate technical support is seen near the Ichimoku Kijun, with resistance just above the current level at the 20-day moving average.

Source of Data: ABX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.