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Gold Futures (Apr 2023)Gold Futures (Apr 2023)Gold Futures (Apr 2023)

Gold Futures (Apr 2023)

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Gold Futures (Apr 2023) forum


TheMarketWitch
MGC1! My bias still remains bullish. It's difficult to short gold for very long, plus big money loves to buy at a discount. Also, new tariff news could cause an inverse reaction here.
Caramel0
MGC1! And we got a reversal in that 4hr candle. It turned full bearish as it closed and it is now making me revisit my bearish scenario analysis.
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Galadon17
MGC1! Likely a good idea to reduce risk for the next day (7/9) or so until trade talks get settled. Market looks like it will be fairly choppy until then. Will be cutting down position size
Caramel0
MGC1! Last hour in this 4hr candle!!

I want at least a close above 3339.2 and the 20EMA.

After that I have that 3355.8 - 3350 as my next target. A retracement from that range would not invalidate the bullish scenario as long as it stays above 3329.
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Caramel0
MGC1! Price reached that FVG I talked about yesterday.

We're again seeing bullish divergences on the lower TFs, but in the higher TFs we can still see the bearish scenario as a possibility.

This is definitely a risky entry, but price has reached the .50 FIB and W2 target levels.

For a safer entry, you could look for a liquidity sweep candle, or a BOS candle with high volume.
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Galadon17
MGC1! Messy pullback, going to wait and see what gold does before entering. Bullish bias, but definitely need more confirmation
CEEJAYYTRADES
GC1! XAUUSD looking for gold to break thru price we are floating in a supply zone targeting 3374
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