The ABCD pattern is a simple yet powerful tool in the arsenal of any forex trader, offering a clear structure to spot potential price reversals and continuation moves ...
Gold is testing key Fibonacci resistance near $5,141 as a developing ABCD pattern supports further upside, provided price confirms with a decisive daily close above resistance.
Gold is forming a higher swing high, supported by key moving averages and technical confluence, suggesting upside potential toward Fibonacci and ABCD pattern targets, eventually.
As I write this, I’m in the process of packing up for a week’s vacation in Italy. That packing, of course, includes my mobile trading station. I’m hoping to lose some of the weakness we’ve experienced ...