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luc_nicfx

Gold ABCD + break retest.

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
luc_nicfx Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Harmonic Patterns Trend Analysis Chart Patterns Gold XAUUSD AB=CD LONG
3
0
harmonicpatterns trendanalysis chartpattern gold xauusd abcdpattern long
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.
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