MGC1! sideways until nfpGold Futures (Apr 2016) forum
MGC1! sideways until nfp
GC1! What We Have So Far:
• Sweep of 3338.4 supply zone
• 1m BOS + CHoCH + LLs forming
• Good delta shift & aggressive volume on rejection
• Still missing: full 5m BOS or LH + retest confirmation for A++ short.
MGC1! CMP 3330 ..It could trigger more bearish now
MGC1! Definitely nice when Powell is talking and you're on the right side of the tradeMGC1! No rate cuts, near-term outlook should be bearish here. Not a lot of volume at the moment obviously, but I think we should see a bearish move overnight during Asia and London. There's still important news coming out in the AM tomorrow, so I might actually TP over London.MGC1! Looking at the data releases that came out a few hours ago - we're looking mixed. GDP is up, which has pushed gold price down obviously. But some of the price indices have gone down as well, which means inflationary pressures are reducing. Higher probability that there are no rate cuts, so I am going to take a small micro gold position with a stop just above 3360. But again, the interest rate decision comes out in roughly 3 hrs and I'll be swing trading whichever direction gold goes after that.
MGC1! This is what im looking for gold atm.I want price to close above POC for a possible continuation towards ATH.
If we close below POC, we have good chances of retracing below 3208 towards our bearish targets.
GC1! This is not a confirmed bottom yet — it’s a liquidity pause near the prior low and PDL area
MGCV2025 October contract has a huge inflow of sell volume for this month. Maybe that means a short squeeze coming soon, but those monthly candles aren't ones I will be longing anytime soon.
MGC1! When do you guys start trading the next contract in gold? When we near less than a month to expiration I don't like the sound of that really for the way I like to trade and take advantage of time in market. Just offers peace of mind that it could be swung really.