garyw2u

ABCD on GOLD?

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
1
With support looking to be found at 1305-1310, 50% retracement of previous upswing there is the potential for an ABCD pattern to form, with it beginning the CD wave now, targeting 1416. If long, look for possible resistance at 1360

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.