Barrick Gold stock gains 2.3% as price rebounds from oversold area

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Barrick Gold gains 2.30% to C$55.53

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Dmytro Kharkov

20.05.2026

Barrick Gold stock gains 2.3% as price rebounds from oversold area — Barrick Gold gains 2.30% to C$55.53

Barrick Gold Corporation (ABX) is trading at C$55.53 following a 2.30% daily gain. The stock currently sits below its key short- and medium-term moving averages, but remains above longer-term support levels.

ABX price prediction

24H -0.13%

CA$ 60.09

48H -0.35%

CA$ 59.96

7D 2.34%

CA$ 61.58

1M 5.67%

CA$ 63.58

3M 11.95%

CA$ 67.36

6M 76.45%

CA$ 106.17

12M 100.38%

CA$ 120.57

Detailed

Current price: CA$ 60.17 1.96 3.37%

Real-time Data 13:42

Daily range 58.76

60.38

Weekly range 56.28

59.78

Highlights

ABX faces continued short- and medium-term selling pressure, with price trading below key short-term moving averages.
Long-term support remains intact, as the stock holds above its 200-day moving average, signaling a possible technical floor.
Sideways trading is expected between C$54.00 and C$57.00 over the next week, with mixed momentum suggesting a balanced risk of breakout versus breakdown.

Mixed momentum as price meets resistance amid weak trend

ABX is trading just below its SMA-20 (C$56.30) and SMA-50 (C$56.92), but remains above the SMA-200 at C$53.57. Immediate resistance is marked by the D1 Ichimoku Kijun level at C$58.53, while the intraday range spans C$54.49 to C$55.60. On the daily chart, MACD delivers a strong buy signal, but ADX reflects weak trend strength with underlying selling pressure. Oscillators are mixed: RSI sits at 43.10 (bearish) and CCI at –45.71 (bearish), though neither is extremely oversold. Intraday Bull/Bear Power (BBP) is oversold, suggesting sellers dominate on shorter timeframes; price action near today’s high reveals a moderate rebound but not a clear shift to sustained buying.

Directional uncertainty as volatility tempers near-term outlook

In the short term, ABX is likely to fluctuate in a volatility band between C$54.00 and C$57.00. Mixed weekly trend readings point to a roughly equal likelihood of either a move upward or a new test of support, indicating limited directional conviction in the coming sessions. A bullish scenario could see ABX break above resistance at C$58.53, while a bearish move would likely challenge long-term support near C$53.57.

Anton Kharitonov, expert at Traders Union, notes that ABX is showing a technical rebound but lacks strong confirmation from most indicators. He sees a narrow and uncertain price range, with mixed trend signals and few clear triggers. Resistance at C$58.53 and support near C$53.57 are critical levels to watch. "Until ABX breaks out of this consolidation, I remain cautious and see no compelling setup for aggressive positions."

Earlier, analysts noted that Barrick Gold was contending with mixed momentum and persistent selling pressure while maintaining long-term support. The latest price action reinforces this indecisive trend, with traders advised to monitor for a decisive breakout above resistance or a fresh move toward key support as the next major signal.

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.