ET = Engulf Target
TH = Target Hit
ML = Magnet Level
TRZ = Trap Zone
BS = Base Shoulder
FS = Final Shoulder
IBS = Ignore Base Shoulder

Last week's analysis remains technically valid.

As shown on the chart, both of the previously identified buy zones produced bullish reactions.

However, neither reaction had enough strength to reach the projected 4,245 ET, suggesting that buyers have not yet taken full control.

At this stage, I believe Gold may extend lower before the larger bullish move begins.

The 3,949 area remains the first zone of interest, while 3,897 continues to be the stronger location for a potential bullish reversal based on the current market structure.

If price reaches either of these areas, I will reassess the structure and look for a valid buy setup.

Until then, patience remains the best strategy.

Current analysis focuses on liquidity behavior, structural reactions, and step-by-step market delivery.

As precise as a Swiss watch.