MGCZ2025 im feeling a pull back by EOD to cool off the 1HRGold Futures (Oct 2018) forum
MGCZ2025 im feeling a pull back by EOD to cool off the 1HR
MGC1! We need a break of this fvg, A rejection can mean a retracement towards 3377
MGC1! if we reverse now, we might be testing 3408 again, possibly going higher.
GC1! • Price had a strong impulsive breakout above the 3354–3360 zone during the 8:30 AM news, followed by range compression under the 3398–3401 supply zone (premium).
• On the 1-min, price printed LHs just under supply and failed to break 3401.
• On the 5-min, price is holding a series of HLs with EMAs stacked bullish, but struggling to reclaim HHs.
Two Scenarios for A++ Setup
1. Short Setup (More likely for now)
• Trigger: Rejection and failure to hold above 3398–3401, especially on a liquidity sweep.
• Entry: Ideally on a sweep of 3401 with absorption or bearish engulfing candle.
• TP Zones:
• First target: 3388–3386
• Final target: 3380–3375 (low-volume area)
Avoid shorting early — need clear failure or rejection + weakness.
⸻
2. Long Setup (If breakout occurs)
• Trigger: Break and close above 3401 with strong volume and continuation structure.
• Entry: Pullback to 3398 or 3401 (flip level).
• TP Zones:
• 3410 minor extension
• 3416–3420 strong imbalance from July
GC1! Current Levels:
• Immediate Resistance:
• $3,407 – $3,410 zone (Strong Heatmap and Premium Zone rejection likely)
• Support/Reaction Zones to Watch:
• $3,385.8: Clean impulse base before launch – 54-handle rally zone
• $3,372.8 – $3,374.8: Fair value gap + PDH
• $3,361.4 – $3,353.7: Layered liquidity cluster (can be base for bounce or reload)
• $3,344.6 – $3,335.8: Deep discount demand zone
What to Wait For:
• A++ Setup: Return to FVG/PDH with bullish BOS or CHoCH, large volume + absorption, then engulf structure back upward.
• Trap short scenario: Fake breakdown of $3,385 then V-shape reclaim.
MGC1! If we don't break above 3442, we could be heading towards 3k levels if are able to break 3252 support
MGC1! We need a break above 3442 for ATH.
MGC1! Going to sit out on trades for the rest of the week. Quite a few contradictory things happening news wise, will get a cleaner picture after tariff deadline passes. Have a great week y'allGC1! Bias: Bearish under 3332
Breakdown setup: BOS below 3320 with retest
• TP1: 3312
• TP2: 3305
Invalidation: 3335 reclaim and hold
Alternate Long Setup:
If BOS and HL form above 3338 with confirmation:
• TP1: 3346 gap fill
• TP2: 3355 supply zone
Prime trading hours for both instruments are 1:30 PM to 4:00 PM ET.
Wait for structure confirmation and volume alignment. No raw scalps.
MGC1! sideways until nfp