$GC/Gold Elliot Wave Analysis Update - 7/21

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Hello fellow gamblers,

Both scenarios that we are watching are still valid and as price approaches a confirmation level, we do gotta be aware possible fakouts as we trade inside a flag/wedge pattern.

- A rejection of 3408 could drive us towards the other end of the pattern and a possible break to the downside.

- If we do have a rejection, I will be watching for price to find support at 3370 for my bullish bias.

- Levels to watch: 3408, 3346, 3283

Penafian

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