MGC1! This is something that I've been watching for. volume peaks are followed by consolidation, and in this bull run this is the biggest peak yet, which could signal the ending of the bull run for gold. The high volume could indicate distribution/outlfow as early investors are now getting out of their positions. We trade day by day, but even though we still have scenarios that could go towards ATH, we gotta manage the risk accordingly
GC1! sharp drop or again riseMGC1! just broke a major trendline...MGC1! Price hit our FVG target. We can already see some bullish divergence at that range but this doesn't mean we have bottomed.
MGC1! I got these 3 scenarios I am looking at right now. A lot of it depends on what the 
SPY decides to do. If we pump above 570 with strong momentum, we might break through that trendline and go towards our Wave C target or stopping at that 3210 level and creating a double bottom.
GC1! XAUUSD
GOLD1! TGT1 and TGT2 today also in gold and silver....MGCM2025 Gold futures are bullish and expected to hit 3500 by the end of this week.MGC1! We got a consolidation printing Higher highs and higher lows. If this consolidation is not done, I expect price to hit that 1h FVG before reversing down towards another FVG. The other theory is based on the impulse not being over yet and the target is a new ATH. Fed's decision today will dictate the move. Lower rates = pump on S&P + dump on gold, and vice-versa.
