$MGC / $GC / Gold Post-Market Update

Hello Fellow Degenerates,

Price retraced below a 3416.2 and it is now between that level and a FVG. I do see some signals that a possible pull back might happen and I have now marked 3442-3430 as an important range to watch.

- If the pullback happens, it could be a retest of the HVN resistance, and if price gets rejected in that range, we will go towards our bearish scenario.

- However, if price breaks above that range with strength it will mean that we are now going towards our Wave 5 target near 3504.

- Levels to watch: 3504, 3442, 3430, 3416, 3358, 3283.