MGC1! I got out of that trade near breakeven. This price action is looking waay too much like a retest of a breakout and Im not holding it to find out lol
Gold Futures forum
MGC1! I got out of that trade near breakeven. This price action is looking waay too much like a retest of a breakout and Im not holding it to find out lolMGC1! why does gold has to give me a heart attack like this at the end of the day? Geezz
MGC1! Im not gonna lie, this push up is concerning. High possibility of the pattern being a reaccumulation pattern instead of a distribution pattern. If this is the case, we could expect price to blast through that 3363 resistance level and continue towards ATH, invalidating the further downside theoryMGC1! First target is at that3318, second target will be around 3280. Price is about to create the UTAD and trade sideways for a bit, accumulating some bulls to trap before breaking down on this wyckoff distribution
MGC1! This might be the entry that we were looking for!
MGC1! XAUUSD guys, don't trust the guy who told you to trust him, you'll get savagely twisted if you sell
MGC1! clean break out from the distribution pattern. watching for a retest and possible play.