Gold Futures (Feb 2024)Gold Futures (Feb 2024)Gold Futures (Feb 2024)

Gold Futures (Feb 2024)

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Gold Futures (Feb 2024) forum


GC1!
Bearish Setup (favorable)
If price rejects again at 3377–3378, consider short entry with:

Target: 3371.5 > 3368 > 3364.8

Stop: Above 3380 (tight risk window)

Confluence: Order block + premium zone + LH structure.

Invalidation
Clean break and acceptance above 3381 would invalidate bearish bias short term and open path to 3385+.

MGC1! We got a rejection from this bearish trendline resistance.

If we don't have a reversal from this JAN 2025 TL, we could be looking into a price move towards the mid line of the bearish trendline.

I'm still holding my bullish bias, but I do want price to stay above the Jan 2025 TL.
Snapshot

MGC1! EU and China are having a trade summit, which could explain why we're still looking bearish. I am keeping an eye on the press conference they are currently having






MGC1! So trump's trade advisor says take it with a grain of salt regarding the EU trade deals, and that causes a bullish spike. Smh haha