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Gold Futures (Dec 2019)Gold Futures (Dec 2019)Gold Futures (Dec 2019)

Gold Futures (Dec 2019)

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Gold Futures (Dec 2019) forum


Caramel0
MGC1! Price got rejected by the wedge resistance and is now chopping upwards.

I'm suspecting that this is a Wave B of a ABC correction.

Target 1: 3333.8 - 3332.1

Target 2: 3326.2 - 3322.1

I am still holding runners in case price continues up, but I wouldnt be surprised if we have one more dump.
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Galadon17
MGC1! Big players are battling it out, sitting on the sidelines for this unless there are clear signs in either direction.
Caramel0
MGC1! Price battling at a POC level. I'd prefer for price to break above this POC before any retracement, but if we do have a retracement, that 3320-3318 will be a good support
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Caramel0
MGC1! If this count is correct, we could see a retracement back towards 3320.

A breakout would change this scenario, but price is struggling at that resistance point
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Galadon17
MGC1! I bet on the wrong bank I suppose. I'm going to sit on the sidelines here while big money dukes it out at this level
Caramel0
MGC1! Gold is looking bullish on the 1hr and 4hr TF, but we need a break above this 3340 resistance.

If we fail to break above, we could retrace back to that 3317-3313 FVG.
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Caramel0
MGC1! Nice fish pattern going on right now. Can someone tell me what it means?
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Galadon17
MGC1! SL to breakeven, holding for atleast 10 points.