MGC1! We got 15min left in this 1h candle, and if price holds above 3408 and we do not have a reversal, we could have a breakout confirmation.
It is still early to say and we might not even have a confirmation until the 4h candle is close, but it is looking like we might have a direction picked today.
Both scenarios that we are watching are still valid and as price approaches a confirmation level we gotta be aware of possible fakouts as we trade inside this flag/wedge pattern.
- A rejection of 3408 could drive us towards the other end of the pattern and a possible break to the downside.
- If we do have a rejection, I will be watching for price to find support at 3370 for my bullish bias.
GC1! New Week Bias ▪︎Still bullish, in line with previous outlook. ▪︎Watching for a micro dip to Zone A before the next leg up. ▪︎A deeper dip to Zone B is possible but less likely. ▪︎ I’ll wait for micro confirmation in these zones post open.
🔒 Disclaimer: This post is for educational purposes only. Not financial advice. Always trade responsibly.
MGC1! Interesting action going on right now.
