Gold Futures
Gold Futures forum
MGC1! The blue line is the 9EMA, the orange line is the 20 EMA.If what i saw is correct and we are forming a distribution pattern, I can see price retracing a bit towards that 3416.
My bullish scenario has price moving in a range for a few hours until the EMAs catch up and RSI and MACD cool off.
If you had a great entry, just hold it. My target is still above 3500, we just need a little breather...
MGC1! kind of late for it, but we got a distribution pattern. I'll do an analysis after the market closes
MGC1! 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...