MTXmrMLK

MTXmrMLK

📌 From previous analysis: • We anticipated corrective pullbacks and highlighted reversal zones. • Focus was on 436–432 as the first critical support/resistance area. ⸻ 1️⃣ Key Reversal Levels There’s two scenarios in this rally: A) • 436 – 432 → First potential bullish reversal zone. • 4H close above 435 → upside continuation toward 442 → 447 →...

MTXmrMLK Updated 

1️⃣ General Overview Gold remains in a corrective phase. Unless we see a clear 4H close above 372, bearish corrective pressure will stay stronger. However, certain zones may trigger bullish reactions if respected. 2️⃣ Key Levels 353 → First potential reversal area. 364 – 373 → Upside targets if 353 closes above this price on the 4H timeframe. 378 →...

MTXmrMLK

Gold Analysis & Trading Plan – First Week of August Overall Outlook: Gold is currently consolidating between key levels. A breakout above resistance or a breakdown below support will determine the next move. ⸻ Bullish Scenario (LONG Setup) • Condition: 4H candle closes above 3364 • Targets: • First target: 3373 • Second target: 3382 • If 4H closes above...