XAUUSD (Gold) – 2H Chart AnalysisGoldOANDA:XAUUSDJames_fx1Gold is showing a potential Bullish ABCD harmonic pattern on the 2-hour timeframe. After a strong decline into the major support zone around 4,000–4,040, price formed point A and rallied sharply toward resistance at 4,380 (point B). The recent pullback into point C has completed near the 50% Fibonacci retracement of the AB leg, aligning with a key demand area around 4,200–4,220. This confluence increases the probability of a bullish continuation. Key Levels 🔹 Entry Zone: 4,200 – 4,220 🔹 Resistance: 4,380 🔹 Target (D): 4,515 🔹 Support Zone: 4,000 – 4,040 Bullish Scenario If buyers defend the current retracement area and price breaks above 4,380 resistance, the ABCD pattern could complete at 4,515, offering a potential upside move of approximately 100% of the BC projection. Invalidation A sustained break below the 4,200 support area would weaken the bullish structure and could expose gold to a deeper correction toward the major support zone. Trading Idea: Watch for bullish confirmation around the current entry zone before targeting the resistance breakout and eventual completion of the harmonic structure. Always manage risk and wait for price confirmation before entering a trade. #XAUUSD #GOLD #Forex #TradingView #TechnicalAnalysis #ABCDPattern #HarmonicTrading #PriceAction #GoldAnalysis #BullishSetup