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Caramel0
MGC1! Geopolitical news may cause the markets to go crazy at open.

For gold, we could have created an Wave 2 of a new 5 wave cycle, which puts our next target around 3690-3624. However, we do need a solid break above 3395.8 which is right below our POC.

My level to break for upside is still at 3442 and 3504. I am still being careful with the 3357 level and the possibility for a deeper retracement.

Hopefully I'll be able to record and post an update later today.
Snapshot
Caramel0
MGC1! A alternative count shows that we could be already on wave C of this retracement, I'm planning on recording a video about it, but im having issues with my setup.

I'll keep yall updated
Snapshot
Caramel0
Bearish scenario seems to be the one playing out.

Im expecting a pull back that could go all the way towards 3428 and get rejected and continue down towards 3335.4-3283.8 target range.

A break above 3442.2 will indicate that price wants more upside, possibly reaching that 3504 level.
Snapshot
MC298
MGCQ2025 CMP 3363..
Selling pressure building up....
andreevu2
MGCQ2025 when did MGC data is live? lol i thought this one delayed always
TheMarketWitch
MGC1! dude the retracing after every single candle is insane LET THE MOVE PLAY OUT
Trelloo
MGC1! 15 M sells played out to perfection 🚀
Caramel0
MGC1! We got this wyckoff forming right where our Wave 4 is supposed to be, which makes me look at this dip as a buying opportunity to catch this possible Wave 5 move towards 3504.

- For that to happen, we need price to break through 3442-3428 range with strong momentum.

- A rejection of that level can send price down towards 3358 level.

- Levels to watch: 3504-3428-3402-3358
Snapshot
muthuveera-
GOLD1! gold sell 99460..570...680...798 sl u decide tgt three days 98888...98555...97981