Bullish Case: AU has trended up 25.1% in 60 days, Helium AI forecasts a 0.75% increase, bullish risks outstrip bearish by 60%, and historic return shows potential for gains.


Bearish Case: AU's trading below previous year levels, mean reversion suggests limited upside, and overall market conditions show increased risk and volatility.


Potential Outcomes: Sideways movement (40%) due to mean reversion; bullish breakout (35%) from market AI optimism; bearish pullback (25%) from innate volatility and macro headwinds.


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March 23, 2024


AngloGold Ashanti Ltd Forecast

AU        AngloGold Ashanti Ltd
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






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SE Forecast + Options Trading Strategies   [SE]  Sea (0.82)


GFI Forecast + Options Trading Strategies   [GFI]  Gold Fields (0.81)


AEP Forecast + Options Trading Strategies   [AEP]  American Electric Power (0.78)


JNUG Forecast + Options Trading Strategies   [JNUG]  Direxion Daily Junior Gold Miners Index Bu (0.78)


GDXJ Forecast + Options Trading Strategies   [GDXJ]  VanEck Vectors Junior Gold Miners (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to AU



XLV Forecast + Options Trading Strategies   [XLV]  Health Care Select Sector SPDR (0.0)


ROK Forecast + Options Trading Strategies   [ROK]  Rockwell Automation (-0.0)


CRK Forecast + Options Trading Strategies   [CRK]  Comstock Resources (0.0)


FLNC Forecast + Options Trading Strategies   [FLNC]  Fluence Energy (0.0)


ASAN Forecast + Options Trading Strategies   [ASAN]  Asana (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against AU



UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.68)


HDSN Forecast + Options Trading Strategies   [HDSN]  Hudson Technologies (-0.68)


DLO Forecast + Options Trading Strategies   [DLO]  DLocal (-0.72)


TDS Forecast + Options Trading Strategies   [TDS]  Telephone And Data Systems (-0.73)


FRSH Forecast + Options Trading Strategies   [FRSH]  Freshworks (-0.75)





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