GC1! 3.169 incomingGold Futures (Aug 2024) forum
GC1! 3.169 incoming
MGC1! Going through some drawings for the video tomorrow...
MGC1! Done trading for today. The price action is too risky if you didnt get an excellent entry. In my opinion, as long as we hold support, we will continue climbing. I’ll post a new Idea on sunday so we can catch up with the analysisMGC1! We have a breakout!It is always great to wake up with these surprises.
Price is now attempting to break above HVN resistance, but there is a VP dip creating resistance(FVG).
As long as 3363 holds support, we might have a breakout today.
If we fail, I can see price returning o POC or maybe a bit lower, around 3319.
if price continues climbing, my next target will be 3418, where we might possibly have a break of resistance.
After that I am targeting 3543-3495 zone...
MGC1! Price got rejected by the wedge resistance and is now chopping upwards.I'm suspecting that this is a Wave B of a ABC correction.
Target 1: 3333.8 - 3332.1
Target 2: 3326.2 - 3322.1
I am still holding runners in case price continues up, but I wouldnt be surprised if we have one more dump.
MGC1! Big players are battling it out, sitting on the sidelines for this unless there are clear signs in either direction.MGC1! Price battling at a POC level. I'd prefer for price to break above this POC before any retracement, but if we do have a retracement, that 3320-3318 will be a good support
MGC1! If this count is correct, we could see a retracement back towards 3320.A breakout would change this scenario, but price is struggling at that resistance point
MGC1! are we getting a breakout?
MGC1! Potential iceberg at 3338