Barrick Mining: MACD Golden Cross and Expanding Bollinger Bands Signal Upsurge

Barrick Mining's 15-minute chart has recently exhibited a significant technical indicator, as the Moving Average Convergence Divergence (MACD) has formed a golden cross. In addition, the Bollinger Bands have expanded upward as of July 23, 2025 at 11:15. This suggests that the stock price has the potential to continue rising, with the market trend being driven by buyers.

Barrick Gold Corporation (GOLD) has shown signs of a potential uptrend, with recent technical indicators suggesting a positive outlook for the stock. On July 23, 2025, at 11:15, the Moving Average Convergence Divergence (MACD) formed a golden cross, a bullish signal indicating that the short-term moving average has crossed above the long-term moving average [1]. This formation is often associated with a reversal in the price trend.

Additionally, the Bollinger Bands, which measure volatility, have expanded upward, suggesting increased buying pressure and a potential continuation of the upward trend [2]. The combination of these indicators points to a market driven by buyers, potentially leading to further price appreciation.

However, it is essential to note that while these technical indicators are positive, they do not guarantee future performance. The stock price has been volatile, with a 0% change in the last two weeks and a 19.18% gain since May 15, 2025 [1]. The stock is currently trading within a wide and strong rising trend, with expectations of a 17.74% rise over the next three months and a 90% probability of holding between $23.84 and $26.92 at the end of this period [1].

Investors should be cautious, as the stock has also shown some negative signals, such as a sell signal from a pivot top point on July 21, 2025, and a sell signal from the 3-month Moving Average Convergence Divergence (MACD) [1]. The low trading volume on the last day also increases the risk and reduces the reliability of other technical signals issued.

In conclusion, Barrick Gold Corporation's technical indicators suggest a potential uptrend, but investors should remain vigilant and consider the risks involved. It is advisable to hold or accumulate the stock while awaiting further development, rather than making a buy decision based solely on these indicators.

References:
[1] https://stockinvest.us/stock/GOLD
[2] https://www.fxstreet.com/cryptocurrencies/news/bittensor-price-forecast-tao-offers-multiple-bullish-signals-as-ai-tokens-post-17-in-weekly-gains-202507211646