Micro Gold Futures (Apr 2024)Micro Gold Futures (Apr 2024)Micro Gold Futures (Apr 2024)

Micro Gold Futures (Apr 2024)

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Micro Gold Futures (Apr 2024) forum



GC1!
Heavy liquidity absorption just under 3323.0 — but no BOS upward yet.
Buyers are attempting to defend, but no aggressive follow-through or shift in order flow yet.

This is responsive demand, not yet a structured long.

MGC1! Got stopped out, but caught a modest 10 points from 3344 to 3330. The JOLTs data came out quite bullish about an hour ago, weakening any bearish pressure on Gold. But we have the actual interest rate decisions coming out tomorrow late NY, and I don't expect Gold to breakout past 3340 or down below 3300 before that. There is a whole slew of data coming out early tomorrow however, so it could get choppy. I'm going to sit out on Gold until the interest rate comes out, and then swing trade whichever direction the rate decisions dictate. I think we're not going to have rate cuts (bearish) just going off of the data we have so far, and how Powell and Trump have been interacting. But it's a coin flip admittedly

MGC1! 4hr candle is showing a MACD crossover as RSI is breaking above lvl 40.

If we have a breakout from this wedge pattern, I will be watching as price approaches 3377 and 3406-3415.

If we break below or have a strong rejection of 3330, we will go towards 3252 and lower.
Snapshot


GC1!
Live ES Tape + Heatmap Analysis (11:15 AM)

Buyers just attempted a push from 3326 to 3330.5 on the DOM ladder (GC feed still active on side tab)
• Large iceberg absorption zone forming near 3330.5–3332.0, visible with repeat red layering.
• Pullback buyers thinning out — green dots are shrinking with weaker velocity.
• Liquidity now stacked below (yellow zones) near 3327, acting as a magnet.
• No sign of sustained aggressive sweep past 3332.0 (yet), despite strong earlier uptick.

MGC1! I'm trailing my SL at 3330, with a target at 3285. Will manually exit if I don't reach target by the end of the next 4hr candle. Hoping to see at least one more bearish leg down over NY with all this consolidation.

GOLD1! mcx....

are you ready.....sell maxxx

98400 gold and 112000 silver in next few hours....

profit 11lakh per 10lot before 9pm...

sebi registered research analyst....

MGC1! Moving forward on trade deals with China as well. Hold on to your shorts if you still have them