MGC1! bearish scenario looking interesting right now huh?!
Gold USD per ounce Futures forum
MGC1! bearish scenario looking interesting right now huh?!
MGC1! Report is between mixed and mildly bearish. There isn't going to be a whole lot of momentum based on the report alone. My sl is at breakeven, and I'm holding until the end of the fed speech, which should start in about 30min. My hunch is that the speech should mention a low probability of rate cuts by the end of the month, which should hopefully drive down price to atleast the support at 3350 by the end of NY.MGC1! Data will be out in about 45 mins. Forecasts predict a bearish spike, but forecasts are always wrong. Will be waiting for the first rally/pullback to get a clean entry with a tight stop loss
GOLD1! MCX....Market open gap up today...
wait 99000 or again 97000 Gold and wait 115000 or again 110000 Silver today....
MGC1! Potential manipulation upto 3370 if we can break past 3360, I'm thinking we get there by London NY overlap. I close all my trades an hour before news, forecasts can always be wrong. CPI trades are especially risky even with a tight stop. Will be trading first rally/pullback after initial news impulse if I get a good entry with a tight stop.MGC1! Still a few hours between now and the CPI report. Took a quick short from 3385 today after the double top, didn't ride it all the way though. Likely won't be trading again until the CPI, unless an obvious manipulation in the long direction takes place during Asia.MGC1! Price is bouncing from the range that we talked about. For a continuation of our bullish scenario, we need to reclaim 3363.
MGC1! Im trying to decipher this current price action, and this is my current theory:- Price is creating bullish divergence in the lower TFs.
- A reversal happening in this range would be agreeing with my bullish scenario and the next target could possibly hit above 3418.
GOLD1! mcx...See gold and silver low 97750 and 113300 range....
124000 per lot todays sell gold and silver profit before 7pm....
wait 97000 or again 99000 gold.....
MGC1! Hello fellow gamblers,
We got both scenarios still active on gold, and I am bringing an update on both of them. It is a longer video, but hopefully the information can help you out on your trades.
- I want price to stay above 3363 for a bullish continuation.
- A strong rejection or loss of 3342.8 could initiate a bearish move that will validate our bearish scenario.
- Level to watch: 3418, 3363, 3283
Idea: $GC / Gold - Weekend Update - …
