Barrick Gold - Inverse Head and Shoulder Pattern

Barrick Gold formed Inverse Head and Shoulder Pattern, and break out today. It might go lower a little bit and test the trend line in next few days or weeks. Eventually it's going to raise to $22.5 and test the strong resistance. Long term very bullish, target $60 by 2023.

Kommentar:

Barrick Gold recently broke the inverse head and shoulder pattern and it had a good short term bounce. Usually all breakout tend to come back and retest the breakout line for strength. Expect Barrick Gold to fill the gaps and retest 19.6 levels and bounce back up to test the larger resistance trendline line (blue) , then 22.5 and breaking out big.