Likely about to see a bearish cascade here. I'm thinking all the way down to Monday high, but I'll likely exit sooner
Gold Mini Futures
Gold Mini Futures forum
MGC1! 3441 support is goated! we're still in consolidation, but it seems that this distribution pattern might fail.Edit: liquidity grabbed
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....