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
Micro Gold Futures (Dec 2020) forum
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 wayMGC1! 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
MGC1! price testing FVG...
MGC1! Super risky bet, but i think we might have a confirmation soon...
MGC1! I'm assuming price is being driven up to cover possible shorts for tomorrow during the Fed speech. Again, the speech could go either way, but I'm leaning bearish. Looking for a bullish manipulation over Asia/London, I'll likely enter a short with a tight stop if a good opportunity presents itself.Done for the day, nice overnight breakout. Time to go play with the indices