MGC1! Now, we're either breaking out from this consolidation, or we have a bearish continuation
Gold Futures (Oct 2018) forum
MGC1! Now, we're either breaking out from this consolidation, or we have a bearish continuationMGC1! First target to break is 3432.5-3429 range.We need to stay above 3412.5, but we could dip a little lower to completely fill that gap on the 1hr candle
GCZ2025 let's short this bloated pig!!MGC1! AI gave me the same targets for my bullish scenarios, all we need is a break above that 3442.6
MGC1! Peep that volume on the 1hr chartMGC1! Price is holding above 3433.8 and we could have a continuation from that level.I am waiting to see if price will move towards 3425.3 before entering another position.
We are at the resistance level, so we're either making it or breaking our portfolio.
GC1! Price lifted through the 3431.5 ceiling with solid delta and follow-through:
• Large green bubbles (aggressive buys) pushed through previous passive ask walls.
• Liquidity at 3431–3431.7 got absorbed cleanly.
• Next supply layer: 3433.5 and especially 3435.0 (thick COB), then 3437–3438 as potential exhaustion zones.
GC1! Entry sell now 3429target 1 3420
target 2 3410
target 3 3400
sl 3440
MGC1! Hi y'all,With increasing signs of a potential rate-cut by September, we're looking bullish for the long-term. I think the market is slowly going to start pricing that in, so expect us to climb. CPI data is coming in next Tuesday. If that's favorable, we're going to breakout past the 3500 current ATH. If not, we're likely going to be stuck within the 3500-3350 range until the end of the month. China and India trade deals are also key events here to keep an eye out for. Bullish bias overall because of the increased rate cut probability, but keeping an eye out for impulses off of news.
MGC1! We're currently at a resistance level so a pullback would be normal.In my bullish scenario, my next target is around 3600, but for that, we need to breakout from this bearish parallel channel.
If the pullback goes lower than 3333.3 - 3300.0, we could go towards the mid-line of the channel, and if broken we could retrace towards 3000
