Benzinga explains how forex traders can identify and use the ABCD pattern to enhance their trading results.

When trading a bullish three-drives pattern, you would typically consider taking profits at the 0.618, 0.5 or 0.382 Fibonacci retracement levels of the entire move from 0 to E.

Given the long-term nature of this pattern, gold has reached a potential pivot level that could lead to a retracement and end the current sharp advance, at least for the near-term.