XAU/USD 1H – Bullish AB=CD Pattern Completing at PRZ Zone
Context Overview:
Price is in a clear downtrend, making Lower Highs (LH) and Lower Lows (LL).
However, price action is approaching a Potential Reversal Zone (PRZ)
A textbook Bullish AB=CD harmonic pattern is completing
RSI is oversold (below 30) — signaling weakening bearish momentum
Technical Analysis
Bearish leg has extended into a 1.783 CD projection, matching the AB=CD symmetry.
The PRZ zone aligns with:
Previous support area
Completion of the harmonic leg
Extreme RSI conditions (possible bullish divergence brewing)
The price structure shows possible exhaustion at the lows
Bias: Bullish Reversal
Expecting a corrective rally or full reversal from the PRZ zone
Will reassess if price breaks and closes strongly below PRZ zone
Plan of Action:
Action Condition
Wait Price needs to move deeper into PRZ zone Watch
Entry Look for bullish engulfing, pin bar, or RSI divergence
Only enter long if a confirmed reversal signal appears inside PRZ
Stop Loss
Below the PRZ zone after confirmation
Target 1
3380 – higher resistance area
Price is in a clear downtrend, making Lower Highs (LH) and Lower Lows (LL).
However, price action is approaching a Potential Reversal Zone (PRZ)
A textbook Bullish AB=CD harmonic pattern is completing
RSI is oversold (below 30) — signaling weakening bearish momentum
Technical Analysis
Bearish leg has extended into a 1.783 CD projection, matching the AB=CD symmetry.
The PRZ zone aligns with:
Previous support area
Completion of the harmonic leg
Extreme RSI conditions (possible bullish divergence brewing)
The price structure shows possible exhaustion at the lows
Bias: Bullish Reversal
Expecting a corrective rally or full reversal from the PRZ zone
Will reassess if price breaks and closes strongly below PRZ zone
Plan of Action:
Action Condition
Wait Price needs to move deeper into PRZ zone Watch
Entry Look for bullish engulfing, pin bar, or RSI divergence
Only enter long if a confirmed reversal signal appears inside PRZ
Stop Loss
Below the PRZ zone after confirmation
Target 1
3380 – higher resistance area
Dagangan aktif
Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.