TradingView
luc_nicfx
May 21, 2020 7:41 PM

Gold ABCD + break retest. Long

GOLD (US$/OZ)TVC

Description

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.
More