MGC1! kind of late for it, but we got a distribution pattern. I'll do an analysis after the market closes
Gold Futures (Feb 2016) forum
MGC1! kind of late for it, but we got a distribution pattern. I'll do an analysis after the market closesMGC1! Im watching 3437.2 and 3446.2 for support and resistance. Price could be forming a possible wyckoff pattern
MGC1! peep the pattern
MGC1! 3430 target hit. Price is now getting close to the trendline. A breakout today is highly possible, but this whole zone from 3440 - 3510 is a liquidity zone, so be aware that we could see some aggressive moves going either way
MGC1! We got a solid breakout on gold, my first immediate target is around that 3504.3430 is my next resistance and after that, we have that descending trendline.
GOLD1! 99000 gold and 114000 silver in next few hours.....profit 12lakh per 10lot....MGC1! Price hit my S/L but there's still a chance for a move towards 3416 if this turns into a flat correction. The next candle closes in 30 minutes, by then we should know where we're going...
MGC1! Price needs to break above POC for a retest of 3416...
MGC1! Still holding. Price could be forming a bull flag if we have another rejection at 3416.If price breaks below 3405, my next target is at 3400.
If we break above 3416, my first target will be at 3428
MGC1! If we lose 3405, we will be going towards that 3393 level