Get started
GGG

Gold Futures

No trades
See on Supercharts
Overview News Ideas
Discussions
Technicals Forward curve Contracts

Gold Futures forum


GC1! 100 dollar Gold spot XAUUSD movement today.....

3345 range to 3280.23 Gold spot XAUUSD yesterday....

wait 3200 or again 3400....Gold spot XAUUSD today....

Are you ready....Major movement gold and silver today....
MGC1! watching for the possibility of this being the end of this retracement whit this huge engulfing 1h candle .
Snapshot
MGC1! Boom! It took a little bit longer, but right after the gap fill we got the retracement I was talking about.

Price just broke below the 3292 support and my target is for price to find support at that ascending trendline. It is still possible for price to go a bit lower and fake a breakout of the trendline, but i don't think it would go much farther.

My target range is 3276-3254 and I'll be paying close attention to 3270 for possible target for a reversal to begin.

My lowest target if we do have a break of that trendline will be 3231.

Lets see what price will do...
Snapshot
GOLD1! MCX.....

Market open gap up....

wait 97k or book profit and again 95500 gold before 5pm....
MGC1! bullish momentum is picking up right here. 9 and 20 EMA holding support. Are we breaking this resistance?
Snapshot
MGC1! it looks like we are about to have a big drop. likely taking price to that trendline. Not financial advice, but im looking at this possibility right now.

Volume is decreasing as we are getting closer to that resistance level, best case scenario, we stop at the 3292, if that level is broken we will go towards that 3270-3250 range
Snapshot
MGC1! Watching 3316 and 3322 levels of what could possibly be another accumulation pattern.

That dip towards 3292 could be the spring for this move, if that is the case, we should se a breakout of those levels.
Snapshot
MGC1! Watching for this possibility on gold. I took some profits and im now observing price movement for my next entry.

Price must hold 3292 to continue up, but losing that level will take us to test that trendline and likely reaccumulating in that 3270-3252 range.
Snapshot