GC1! Gold Futures (GC1!) – Bullish Setup Bias: Bullish across Weekly, Daily, and Intraday charts. Entry Zone: 3,456 – 3,458 Stop Loss: 3,440 Take Profits: – TP1: 3,470 – first intraday resistance – TP2: 3,485 – prior swing high – TP3: 3,510 – major resistance / channel top Summary: Gold is holding above key support on all timeframes. A breakout from the current range could target 3,470, 3,485, and 3,510. The setup aligns with the higher‑timeframe uptrend, making pullbacks into the entry zone potential buying opportunities. Watch for bullish candle closes above 3,460 to confirm momentum. A close below 3,440 invalidates this scenario.
GC1! New Week Bias HTF bullish, momentum intact. Sharp push to 3,534 met with pullback into 3,430–3,445 (Flipped Cap Zone). Buy Zone: 3,430–3,445 Target: Liquidity above 3,534 Invalidation: <3,420 → 3,389–3,350 PIZ <3,336 opens 3,280 Bias: Bullish if 3,430–3,445 holds; break 3,420 risks deeper drop.
⚠️ Purely technical – no fundamentals. 📌 This is a strategic directional bias, not financial advice. Execute only with confirmation and proper risk management.
MGC1! Crazy moves happened throughout this whole week. We had a breakout from the consolidation channel we had before, so now I am looking at the bullish scenario count and targets.
I might post an update this weekend, but I am looking at a possible pull back towards 3438.8 if we break below 3479.5.
Im also using this new parallel channel to track if price respect the lines.