MGC1! Double top in the 2 minutes and 5 minutes if we have this close. I need a solid break below 3432.4 and 3427 for a move towards 3414.
If price holds at 3427, we could see a move towards 3442.6.
Gold Futures
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MGC1! Double top in the 2 minutes and 5 minutes if we have this close. I need a solid break below 3432.4 and 3427 for a move towards 3414.
If price holds at 3427, we could see a move towards 3442.6.
MGC1! I was too early on the last short play I posted. Should've waited for some confirmation on higher TF. I am still looking for a quick scalp towards 3427 - 3414, we just gotta take our time and wait for the confirmations.
MGC1! The way i see it, we should have a move back towards 3414.2. Depending on where we top, we should have a bullish divergence once we approach 3414. If we get a reversal, that should confirm the ATH target
If 3414 - 3402 is broken, we could see that deeper retracement
MGC1! We might have one or two pumps left before we get a reversalMGC1! Looking for a move towards 3414.2 and possibly lower. We need a break of 3420.2 to confirm the scenario but the last target for this play could be around 3397-3377 if we have a break of 3414.2
MGC1! 4hr candle is about to close in 3 minutes. Price reached the target range, so a rejection could indicate a retracement below 3400.
A break above the range could take us to ATH
MGC1! I got out of that trade at 3425..MGC1! So we are close to a breakout, Im still unsure if we're going towards ATH or if we're retracing lower. At this moment, I am looking for price to get rejected at the 3432-3429 range.
But before we even get there, we need to break out of this channel, which is looking a lot like a Bear flag.
MGC1! Now, we're either breaking out from this consolidation, or we have a bearish continuation
MGC1! First target to break is 3432.5-3429 range.We need to stay above 3412.5, but we could dip a little lower to completely fill that gap on the 1hr candle
