This chart shows a clear Bullish AB=CD pattern forming on the daily timeframe of XAUUSD (Gold Spot).
In this setup:
The CD leg equals AB in both length and time symmetry, forming a classic AB=CD structure.
The pattern completes in the Potential Reversal Zone (PRZ) between 3142 and 3172, where:
The CD leg extends to 113% of AB at 3172.58
A confluence of Fibonacci projections (including 200% extension of BC) enhances the significance of 3142.23
The price reacted from the PRZ, hinting at a potential bullish reversal.
🔹 Key Technical Levels:
PRZ (Potential Reversal Zone): 3142 – 3172
AB = CD Completion: Near 3172
200% BC Extension: 3142
🎯 Trade Idea:
Entry Zone: Between 3142 – 3172
Stop Loss: Below 3140 (breakdown invalidates the structure)
Target 1: 3311 (61.8% retracement of CD)
Target 2: 3365 (78.6% retracement of CD)
📌 Conclusion:
The AB=CD pattern is a powerful harmonic structure, especially when accompanied by Fibonacci confluence. As long as price holds above the PRZ, a bullish move toward 3311 and 3365 remains likely. A break below 3140 would negate this idea.
In this setup:
The CD leg equals AB in both length and time symmetry, forming a classic AB=CD structure.
The pattern completes in the Potential Reversal Zone (PRZ) between 3142 and 3172, where:
The CD leg extends to 113% of AB at 3172.58
A confluence of Fibonacci projections (including 200% extension of BC) enhances the significance of 3142.23
The price reacted from the PRZ, hinting at a potential bullish reversal.
🔹 Key Technical Levels:
PRZ (Potential Reversal Zone): 3142 – 3172
AB = CD Completion: Near 3172
200% BC Extension: 3142
🎯 Trade Idea:
Entry Zone: Between 3142 – 3172
Stop Loss: Below 3140 (breakdown invalidates the structure)
Target 1: 3311 (61.8% retracement of CD)
Target 2: 3365 (78.6% retracement of CD)
📌 Conclusion:
The AB=CD pattern is a powerful harmonic structure, especially when accompanied by Fibonacci confluence. As long as price holds above the PRZ, a bullish move toward 3311 and 3365 remains likely. A break below 3140 would negate this idea.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.