GOLD1! TGT1 and TGT2 today also.....see gold and silver low 95850 and 96100 range......
+118400 per lot todays sell call profit before 11pm......
what next this week.....
sebi registered research analyst....
Gold Futures (Dec 2022) forum
GOLD1! TGT1 and TGT2 today also.....see gold and silver low 95850 and 96100 range......
+118400 per lot todays sell call profit before 11pm......
what next this week.....
sebi registered research analyst....
MGC1! The last update I gave was rejected and here is why:
- Price created a Leading Diagonal pattern, which is a special pattern that price creates when starting a new impulse cycle.
- That pump we had was quickly sold to create the ABC pattern that forms the Wave 2 of this cycle. It found support at that 3289.5 support we talked about and started a reversal.
If you bought at the 3289.5, good for you. Everyone else probably had I little scare, I did lol.
Based on this analysis, My next target will be around 3340, but we first need to break through that 3323.3 and that yellow trendline.
You can see in the chart how im imagining this move to go, but this is just my imagination picturing a clean scenario. You know how price is always trying to shake us off, so don't be surprise if things change.
Lets see what is coming next.
GOLD1! mcx....Operator start works....
almost 700 point gold and 1200 points silver down in next fe minutes....
wait TGT1 95900 and 97000 Gold and silver in next few hours....
MGC1! It looks like we are slowly building up momentum for this reversal. Im currently watching for this 5 wave sequence to start off this move.I believe our first rejection will come from that yellow trendline and possibly together with the 3323.3 resistance level.
Price could totally ignore this and just blast through these levels.
Lets see what happens next...
GC1! 🔷 Price tapped into $3,309–$3,322 OB and rejected🔷 Bearish TW Golden signal + rejection wick
🔷 Breakdown followed through, aligned with macro backdrop
🔷 Comex gold settled 1.92% lower at $3,299.1 – market confirming momentum
🔷 Equity rally + stable rates pressured gold short-term (Is this an okay bias?)
MGC1! Price was trading inside this descending channel and has just broken out of it. now it is trading above the upper channel line, using it as support. If you did not entered at 3289.5, this is a dangerous place to enter now as we can still see some rejection at this 3303.5 - 3308.5 level.
I'd wait for a break above it to enter a position.
If we get rejected, I have 3297.3 and then 3289.5 as possible buy opportunities.
MGC1! And price has entered our Wave 4 target!We got a few minutes until this 1hr candle closes, but now Im waiting for an opportunity for a long entry to target that 3365.8-3443.7 range.
Im also watching to make sure that price does not fall inside that gap created a few weeks ago and maintain support at 3288.9
MGC1! Slow price action and indecision a this moment. I'll let this play out and when the market decides where it wants to go, I'll get in. These are the two ways that I can see this playing out.
MGC1! Breakout or fakeout?The 15min timeframe shows clear breakout from the uptrend we've been trading on.
We still have the 3323.3 support level to break, and I am kind of expecting it to be a support level that will serve as a bounce to retrace towards 3339.6 as a retest for the breakout.
If we break below it, Great!
If we dont there will be another opportunity to sell.
My target for this move will be between the 3307.1 - 3280.5 range shown in the chart.
3288.9 is the main support for this move, but we still have that FVG below our target, so be aware of that too.
If we have a fakeout, I'll consider wave 4 completed at that 3323.3 test done earlier today, and aim for our Wave 5 target.
I'll update in a few minutes
MGC1! Hey guys, I'm a new trader here and I'm looking for a little advice. I see the charts you guys have and they look so much more advance than mine. Any feedback at all would be great.