Gold ABCD + break retest.
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.
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.
Note
TP1 hit. +170 pips.
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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.