$GC / $MGC /Gold - Elliot Wave Analysis - Weekend Update - 7/6

Hello fellow gamblers,

As we prepare for a new trading week, I revisited my EW count and was able to come up with 2 scenarios to present to you today.

- For our bullish scenario, I am looking for a break above 3418 and my next target will be at the 3574 - 3525 range.

- For our bearish scenario, I am looking for a break below 3283 and my next target will be at the 3086 - 2846 range.

- Price went through a consolidation as we closed last week's candle, and we are now at POC.

- Levels to Watch: 3418, 3363, 3283