Gold
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GOLD - 2 Possible Scenario's!

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🟡 GOLD – Two Key Scenarios on the Table

Bias: Neutral → Waiting for confirmation of Wave 2 completion

🔑 Technical Breakdown

Scenario 1 (Discount Retracement):

Price pulls back into discount territory.

Confluence with a strong support level.

This would complete Wave 2 correction before setting up the Wave 3 impulse higher.

Ideal long opportunity if buyers defend this zone.

Scenario 2 (Liquidity Grab First):

Current impulse leg continues higher tonight.

Price then retraces deeper to clear buy-side liquidity created from Friday’s rally.

That liquidity sweep would then finish Wave 2, before the bigger Wave 3 expansion higher.

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