Bullish AB=CD Pattern on XAUUSD – PRZ at 3142–3172This 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.
