Leg 2 in Progress? | All Eyes on the Possible EDGE around 3400

15. Juli

💡 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

15. Juli

Anmerkung

Is it the end of Pullback or still being continued?

15. Juli

Anmerkung

21. Juli

Trade ist aktiv

Does it need another push from the supportive trendline to get to 3400?

21. Juli

Anmerkung

Finally entering the Liquidity Zone...

22. Juli

Trade geschlossen: Ziel wurde erreicht