Possible Breakout Alert: Barrick Gold (B) - Inverse H&S in Play

🚨 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