December 05, 2025 a 11:44 am
NEM: Fibonacci Analysis - Newmont Corporation
Newmont Corporation, a leader in gold production, has shown resilience in its stock performance despite market volatilities. Having extensive gold reserves across multiple countries, the company remains a strong player in the mining sector. Recent analysis indicates a dominant uptrend, providing bullish sentiment among traders and investors.
Fibonacci Analysis
| Trend Period | Start Date | End Date |
|---|---|---|
| Uptrend | 2025-01-02 | 2025-10-16 |
| High Point | Low Point |
|---|---|
| $98.27 (2025-10-16) | $37.79 (2025-01-06) |
| Fibonacci Level | Price |
|---|---|
| 0.236 | $77.40 |
| 0.382 | $68.76 |
| 0.5 | $68.03 |
| 0.618 | $58.30 |
| 0.786 | $51.21 |
The current price of Newmont Corporation sits within the 0.236 retracement level, indicating a potential support zone.
This signifies possible buying interest as investors look for the continuation of the uptrend.
Conclusion
Newmont Corporation’s stock shows a robust upward trend, having rallied significantly from early 2025 to mid-October 2025. Investors are hopeful about the resilience and continued growth potential of Newmont especially due to the ongoing demand for gold and strategic mining operations across significant reserves. Retesting of Fibonacci levels suggests potential support, potentially paving the way for a new high. Yet, any adverse market conditions or gold price dip could lead to pullbacks. Vigilant monitoring of price actions around Fibonacci retracement zones is hence advised to capitalize on trading opportunities.