💡 GOLD 4H – MJTrading:
After forming a clean Leg 1 followed by a technical pullback into support, Gold has initiated Leg 2, pushing upward toward the next possible EDGE: 3400.
🟠 Why 3400 Matters
This zone is not just a round number:
It aligns with the long-term downtrend coming from the ATH (3500)
It’s the last reaction high before a deeper correction
There’s likely liquidity resting above — it’s where smart money may make decisions
This is where structure and psychology meet.
And end of 2 possible 2nd leg...
🔄 Possible Scenarios:
🟥 Scenario A – Rejection from the Edge (if could reach):
A reaction from this zone could lead to a pullback toward:
1st Support around 3340-3360
2nd Support near 3250 (also the uptrend line from 3000)
Use these zones to reassess momentum.
🟩 Scenario B – Breakout Above 3400:
A clean break above this structural edge opens the path for:
An “Edge to Edge” move back toward ATH (3500)
Possible higher timeframe trend shift — especially if retest holds
🧠 Our Strategy
We’re long-biased into the edge, not beyond it yet.
Let 3400 show its hand — we stay adaptive, not predictive.
🔍 This chart is intentionally detailed — it's built to educate, not just signal.
Focus on structure, sequence, and behavior — not just levels.
Lets Zoom in around the Breakout area...
And a Zoomout to Daily...
🧭 “If the structure speaks to you, let it echo.”
– MJTrading 🚀
📍#Gold #XAUUSD #TradingView #TechnicalAnalysis #ChartDesigner #MJTrading #MarketStructure #ForexIdeas #Edge
After forming a clean Leg 1 followed by a technical pullback into support, Gold has initiated Leg 2, pushing upward toward the next possible EDGE: 3400.
🟠 Why 3400 Matters
This zone is not just a round number:
It aligns with the long-term downtrend coming from the ATH (3500)
It’s the last reaction high before a deeper correction
There’s likely liquidity resting above — it’s where smart money may make decisions
This is where structure and psychology meet.
And end of 2 possible 2nd leg...
🔄 Possible Scenarios:
🟥 Scenario A – Rejection from the Edge (if could reach):
A reaction from this zone could lead to a pullback toward:
1st Support around 3340-3360
2nd Support near 3250 (also the uptrend line from 3000)
Use these zones to reassess momentum.
🟩 Scenario B – Breakout Above 3400:
A clean break above this structural edge opens the path for:
An “Edge to Edge” move back toward ATH (3500)
Possible higher timeframe trend shift — especially if retest holds
🧠 Our Strategy
We’re long-biased into the edge, not beyond it yet.
Let 3400 show its hand — we stay adaptive, not predictive.
🔍 This chart is intentionally detailed — it's built to educate, not just signal.
Focus on structure, sequence, and behavior — not just levels.
Lets Zoom in around the Breakout area...
And a Zoomout to Daily...
🧭 “If the structure speaks to you, let it echo.”
– MJTrading 🚀
📍#Gold #XAUUSD #TradingView #TechnicalAnalysis #ChartDesigner #MJTrading #MarketStructure #ForexIdeas #Edge
Note
Is it the end of Pullback or still being continued?Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.