Gold, long-term ABCD pattern analysis
Maybe gold's price is making a long-term ABCD pattern. The B-C leg bounced around the 0.5 fibonacci level and now the price is creating higher lows with high bullish volume. If the it continues increasing, the minimum target is around 1920 (the previous high). Pattern's target is around 2700. Always pay attention to the bigger picture when investing or trading.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
