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gold technical analysis and AB= CD Pattern

2.00 star(s) 1 Vote

hudahuda

Member
gold technical analysis and AB= CD Pattern
Published: Friday, 17 November 2017 19:22
Gold Daily trading signals and Gold Technical Analysis from Gold Pattern
Gold reached a new high on Friday and reached the price target we mentioned
in the previous XAU USD gold technical analysis
Gold formed the measured move pattern AB = CD and the pattern started
from the support level 1264 until
1453.431729
 
This would be an excellent indicator for gold.

AB=CD Retracements can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input.
 

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