Technical analysis by Mohammad_Mirdehghan about Symbol PAXG: Buy recommendation (5/19/2025)

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 3172.58A confluence of Fibonacci projections (including 200% extension of BC) enhances the significance of 3142.23The price reacted from the PRZ, hinting at a potential bullish reversal.🔹 Key Technical Levels:PRZ (Potential Reversal Zone): 3142 – 3172AB = CD Completion: Near 3172200% BC Extension: 3142🎯 Trade Idea:Entry Zone: Between 3142 – 3172Stop 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.