Gold surged to a new record high of $3,675 before encountering resistance at ABCD targets, suggesting a possible pullback and test of support zones around $3,537.

Either a bearish reversal may follow or gold breaks through the price level to continue higher. ABCD Pattern Targets 2,091 The first target from the rising ABCD pattern is at 2,091.

ABCD Pattern Targets New Trend High For example, gold could trend higher within the channel to eventually complete an ABCD pattern where the CD leg matches the AB leg.