Barrick Gold bounced almost perfectly off of the rising support line of the monthly ascending triangle. Price is approaching the horizontal resistance, and a pull back to support is likely here. A close with breakout on volume above the resistance line would be an extremely bullish signal.
Note
The range of resistance is roughly $22.50 - $23.50Trade active
Tight stop loss aboveTrade closed manually
Stop loss reached this is a possible monthly ascending triangle breakout and i am getting out of the way
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.