Possible MTR in Play (TBC)Gold has printed a textbook structure for a potential Major Trend Reversal (MTR) off the ATH zone, with a clean rejection and a shift in character. The descending trendline from the top aligns with lower highs, while the ascending base from April is now under pressure.
📌 Key Levels to Watch:
3,280.0 – neckline of the potential MTR
3,250.00 – psychological magnet and structural support
3,000.00 – major downside target if the reversal confirms
🧠 “Markets top on euphoria, not logic.” If price breaks and retests the neckline with momentum, the MTR thesis gains traction. Until then — TBC.
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