XAU/USD 1H – Bullish AB=CD Pattern Completing at PRZ Zone

29 Haz

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

30 Haz

İşlem aktif

30 Haz

İşlem kapandı: hedefe ulaştı