Gold Mini FuturesGold Mini FuturesGold Mini Futures

Gold Mini Futures

Gold Mini Futures forum


GC1!

war
no war
rumors of war
whats up-side down
is right side-up
mining stocks

MGC1!
We got that move towards 3357 that I talked about this morning.

At this moment, I am looking for a rejection around 3357-3372, possibly touching that FVG above 3372.

There's a chance that we have completed the ABC correction and could now be going towards ATH. For this scenario, I am watching for a break of 3372 and that blue trendline. But we will talk about that when the time comes.
Snapshot

MGC1! Getting ready to drop the hammer on Gold..Should be a sweet sell
Snapshot

MGC1! Hello fellow gamblers,

Price did not go all the way inside the target range, but it is close enough for me to be satisfied with the play and take profits. Now it is the time to be looking for where we are going next.

- I am already seeing some reversal signals in the 15min TF but no signals in the higher TFs.

- For now, we will continue going lower as long as the blue trendline is not broken, but it is possible for price to have a bounce before continuing lower. If price breaks above 3357, I am looking at that FVG gap as a possible target for the bounce.

- It is possible for price to touch that yellow trendline in the bounce, so I'll be paying attention to it.

- If we get a rejection of 3357, I can see price filling our W2 Target range and finding support at 3283. A break of that level could take us all the way down to 3222.8 - 3174.4 range shown in the chart.

- For bullish scenario, I'd want a break above 3418, but i do believe that it is still early to talk bullish scenarios, so I'll leave it for next time.
Snapshot


MGC1! CMP 3336.. more weakness expected...


MGCQ2025 Can anyone answer this question please? During the hour when futures stop, how is my contract value still going up or down? If market is closed what is moving or making my P&L go up or down?

MGC1! Price seems to be reversing and without a break of 3418, we get back to our bearish scenario targeting 3283
Snapshot