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Barrick Gold Corporation

Potential Inverse H&S

Por dannymannyboy
Gold itself has taken a beating falling from over $1900 to low of $1764 today. Gold miners, including Barrick, have followed. GOLD has support of $1735-$1750. Barrick got a little bounce today and is setting up for a potential inverse H&S pattern. If GOLD falls a bit, barrick backtests a little, and then both bounce, we could see the bullish break of the inverse H&S.
Bullish PatternsTechnical IndicatorsInverse Head and ShouldersTrend Analysis
dannymannyboy

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