🚨 Gold Bulls Loading Up – Our Short Squeeze Trigger is Set!
We’re flipping the script on
MGC1! After a prolonged downtrend and textbook wedge compression, our breakout long is LIVE – but not without trapping the late shorts first.
💥 Entry: $3,312.1
🛑 Stop: $3,288.4
🎯 Target: $3,458.9
🧮 Risk/Reward: 6.19
Price just bounced at the retest of the wedge apex, and volume is confirming the move. If this holds, we’re riding momentum all the way up – and letting short pressure fuel the breakout.
📈 Trendline breached.
⏳ Time compression converging.
⚠️ If you’re still short, watch your stops!
We’re flipping the script on
MGC1! After a prolonged downtrend and textbook wedge compression, our breakout long is LIVE – but not without trapping the late shorts first.💥 Entry: $3,312.1
🛑 Stop: $3,288.4
🎯 Target: $3,458.9
🧮 Risk/Reward: 6.19
Price just bounced at the retest of the wedge apex, and volume is confirming the move. If this holds, we’re riding momentum all the way up – and letting short pressure fuel the breakout.
📈 Trendline breached.
⏳ Time compression converging.
⚠️ If you’re still short, watch your stops!
Trade active
I took my entry at 3322 after strong bounce off another trend line.Note
Scaling into this position as support holds and direction changes.Note
Fully scaled in with an average price of 3321.2. I'll be riding this position out for a while. First take profit reached and I'm not taking any money off the table yet.Note
Held this position through the weekend and still riding this. Added a few more to my position now at an average of 3,333. I do not have a take-profit set and will be watching as this develops to decide when to take profits.Trade closed manually
Target was a little high. I'm happy here.
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🚀 Founder of SciQua | Strategy. Simulation. Signals.
TradingView indicators, backtesting tools, weekly contests, and live market analysis.
Join free, compete, win, and stay updated at sciqua.com
TradingView indicators, backtesting tools, weekly contests, and live market analysis.
Join free, compete, win, and stay updated at sciqua.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.