GC1! i think the price will sweep liquidity @ 3370.5 and pullback downGold Futures (Aug 2023) forum
GC1! i think the price will sweep liquidity @ 3370.5 and pullback down
MGC1! Interesting price action happening right now. Im currently undecided on rather we have a legit H&S playing out or if we still have one more move down.
My first target is right below 3370, and the second target is around that 3402 level.
A rejection could take us back down towards 3330, but a break above 3370 could indicate that the H&S will play out, and price could pump above 3418.
MGC1! 📈 Gold Market Update – Buy Signal (Swing Trading)A buy signal has been confirmed on the gold market for swing trading. At the moment, if we want to scalp, it’s better to focus only on long opportunities short positions could be too risky for now.
Big buyers are active, aggressive, and clearly pushing the price up.
As for targets, I prefer not to give fixed levels. I always monitor the market in real time to see how big buyers and sellers are reacting.
MGC1! XAUUSD Look Familiar? 😁 . If you missed the pump heres good suggested entry for you..Manage ur risk.
MGC1! watching for the possible formation of this right shoulder...
MGC1! this current RSI/Price divergence makes me think that there is one more move down and that we are currently in a bull trap...
MGC1! We got a touch in the target zone that I talked about earlier. It is still early to say rather we are done or not, but we are having some reversal signals in the smaller timeframes.
Price retraced back to the 1h TF 20EMA and that is what I'll be watching tonight.
MGC1! Watching for a move like this to happen
MGC1! We got a break of the trendline(blue) as price is approaching our target. If price holds support at 3357, we might even get past our target.
GC1! …2 consecutive months of lower closes, possibly a repeat of Nov/Dec ‘24 when the same pattern occurred. Meanwhile, spot prices had made minor gains in closing prices, MoM. We all know now what followed between Jan-Apr. Is it possible this is the start to another leg up? We can only speculate… only the future knows - see you there 🫡