As I mentioned before, I was watching for that consolidation pattern being formed on for our Wave 2. The wyckoff worked right and we got our breakout. I was expecting strong resistance to happen at that Gap created on May 12, but i forgot to highlight 3277 as a super important level!
3277 was a strong support level before. it worked as a pivot point, attracting price to that level.
That being said, we are still holding support on that level, but I wouldn't be surprised if we break below towards a retest of that Red trendline breakout.
My target of 3360 still holds, but the road to that target may be a little bumpy. Dont panic sell tho. Work on your risks.
MGC1! Wave 2 target was hit overnight. As expected, RSI did a reset to its 40 lvl support. MACD created a higher low.
Now our target is at 3360. I do expect some resistance at 3248-3270, but the pattern created during this Wave 2 consolidation looks a lot like a re-accumulation wyckoff pattern. If that is the case, i expect an explosive breakout with the first pullback possibility at that gap between 3328-3296.
The compressed RSI and MACD helps validate this theory. A breakout is coming very soon, but be aware of fakeout breaks.
MGC1! My 3360 target still holds. We are going through a little consolidation phase at this time, but as long as 3171 support is not broken im still bullish.
However, because of the price action from today, I do see a possibility of price dipping towards that 3209 level and possibly touching that lower yellow trendline. That would bring the 1hr RSI towards 40 support and MACD to create a equal low with the low from last week.
That would put my theory in risk, but i do believe that it's purpose is to create a fake breakdown with the indicators.
MGC1! Next target for gold is at 3360. There's a small chance for us to retest the gap we opened last night before we continue up, but our main support will be at that 3197. Overall, we're still bullish on Gold
MGC1! And the breakout happened! 
