luc_nicfx

Gold ABCD + break retest.

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold appears to have formed an ACBD pattern. Where A-B, B-C and C-D all take 7 4h candles each, furthermore B-C and C-D are .68 and 1.272 retracements respectively.
2nd confluence is break and retest of 1719 resistance now acting as a support as price finally retested, buy limit @ 1719 therefore triggered. Targets of 1736, 1746 and 1780.
Comment: TP1 hit. +170 pips.