MGC1! clear flip/reaction area at this price
Gold Futures forum
MGC1! clear flip/reaction area at this price
MGC1! If we don't breakout in the 4hr candles, we would be forming a triple-top pattern..
MGCV2025 🟢 Trade Bias: Long (MGCV2025 – Micro Gold Futures Oct 2025)🎯 Entry: 3396 (Midpoint of 3392–3400)
❌ Stop Loss: 3380
✅ Take Profit 1: 3422
✅ Take Profit 2: 3435
MGC1! Super risky entry since it can still turn into a move towards 3426 and below, but im looking into an entry around 3433.5
MGC1! That short play is still valid, I got out but the move can still happen.Im getting ready for a buying opportunity for this possible Cup and Handle pattern being formed
MGC1! This price action is looking like it wants a bullish continuation.I took profits at 3432 and am now looking for a buying opportunity.
My target would be near 3465 - 3475 which matches with the target for the bullish scenario that I shared with yall
*I wish i didnt exit the trade from early this morning.*
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 reversal