MGCQ2025 just straight waterfall please. This is so slow lolTaifex Gold Futures (Apr 2026) forum
MGCQ2025 just straight waterfall please. This is so slow lol
MGC1! One thing I am keeping an eye on is the shrinking gap between spot and futures. It has been declining at a steady pace and it's down to $6 from a high of $12. This can indicate a weakening demand for GC. 3350 broke down without much effort as well, so I'm leaning towards a bearish bias until I see the gap start to widen again. Or until I see a break of the 3360 level, which could happen if things heat up again in the middle east between Syria and Israel.
MGC1! New gold long here based on 15 min 50 vs 200 golden cross. Target will be equal or higher high vs yesterday's high. Stop loss would be 3340 area, or ideally if you can position size small enough for swings I wouldn't be too worried about anything above 3310 area. Which is where Spot gold loses 3300. 8 hour 200 at 3332 so I would like to see any moves down towards that seeing nice buying pressure.
MGC1! Just came back to look at the charts. Crazy how much it can move based on just speculation and rumours alone, and how quickly it can retrace after rumours get dismissed. It goes to show why a tight stop is very important, one tweet is all it takes to bankrupt someone. We did break 3350, which was a key level to get past for a bullish scenario. I think we will be visiting that level again during Asia and London. If so, 3350 must hold for a bullish scenario.
MGC1! Why I lean bullish on gold.
MGC1! New long here. I don't love it, but let's see if we can break 3363.
MGC1! NQ/ES look like they are about to squeeze so that probably means gold down a bit.MGC1! I closed at trendline. I am sure it will go up now lol but will wait for lower retest for now.
MGC1! Risky environment on gold right now. We might have a decision by 2pm-3pm. Price has not yet picked a direction, and both scenarios are still valid.
MGC1! Something about to happen one way or the other.