🚨 Possible Breakout Alert: Barrick Gold (B) – Inverse H&S in Play 🚨
Barrick (NYSE: B) looks poised for a technical breakout from a well-formed inverse head & shoulders pattern that’s been building for months.
Key Levels:
Neckline: ~$20.90–$21.13 zone now being tested
Breakout Target: $24.50+
Support Zones: $19.50 / $18.22 / $17.48
Confluence:
RSI has reset and is curling up
Volume is rising into resistance
Price reclaiming key MAs
Macro tailwinds in the metals space
📈 My Positioning:
I built into this move over time, scaling in during flushes. Current options exposure:
Jan 2026 $15C – Already deep in the money
Jan & Dec 2026 $20C – Showing strong gains
Dec 2026 $35C – Long-dated lottos for a gold breakout scenario
The structure is there. The setup is clear. All eyes on the weekly close. If B starts clearing $21.13 with authority, this could run quickly.
Sometimes the best trades are the ones you quietly build while everyone else is distracted.
#Barrick #GoldStocks #HNSBreakout #TechnicalAnalysis #Metals #OptionsTrading #TradingView
Barrick (NYSE: B) looks poised for a technical breakout from a well-formed inverse head & shoulders pattern that’s been building for months.
Key Levels:
Neckline: ~$20.90–$21.13 zone now being tested
Breakout Target: $24.50+
Support Zones: $19.50 / $18.22 / $17.48
Confluence:
RSI has reset and is curling up
Volume is rising into resistance
Price reclaiming key MAs
Macro tailwinds in the metals space
📈 My Positioning:
I built into this move over time, scaling in during flushes. Current options exposure:
Jan 2026 $15C – Already deep in the money
Jan & Dec 2026 $20C – Showing strong gains
Dec 2026 $35C – Long-dated lottos for a gold breakout scenario
The structure is there. The setup is clear. All eyes on the weekly close. If B starts clearing $21.13 with authority, this could run quickly.
Sometimes the best trades are the ones you quietly build while everyone else is distracted.
#Barrick #GoldStocks #HNSBreakout #TechnicalAnalysis #Metals #OptionsTrading #TradingView
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.