MGC1! Still a few hours between now and the CPI report. Took a quick short from 3385 today after the double top, didn't ride it all the way though. Likely won't be trading again until the CPI, unless an obvious manipulation in the long direction takes place during Asia.
Gold Petal Futures
Gold Petal Futures forum
MGC1! Still a few hours between now and the CPI report. Took a quick short from 3385 today after the double top, didn't ride it all the way though. Likely won't be trading again until the CPI, unless an obvious manipulation in the long direction takes place during Asia.
MGC1! Price is bouncing from the range that we talked about. For a continuation of our bullish scenario, we need to reclaim 3363.
MGC1! Im trying to decipher this current price action, and this is my current theory:- Price is creating bullish divergence in the lower TFs.
- A reversal happening in this range would be agreeing with my bullish scenario and the next target could possibly hit above 3418.
GOLD1! mcx...See gold and silver low 97750 and 113300 range....
124000 per lot todays sell gold and silver profit before 7pm....
wait 97000 or again 99000 gold.....
MGC1! Hello fellow gamblers,
We got both scenarios still active on gold, and I am bringing an update on both of them. It is a longer video, but hopefully the information can help you out on your trades.
- I want price to stay above 3363 for a bullish continuation.
- A strong rejection or loss of 3342.8 could initiate a bearish move that will validate our bearish scenario.
- Level to watch: 3418, 3363, 3283
Idea: $GC / Gold - Weekend Update - …
GOLD1! MCX....Are you ready???
Sell max gold and silver....
wait TGT1 97800 and 113000 before 7pm....
profit 128900 per lot in next few hours...
SEBI REGISTERED RESEARCH ANALYST....
MGC1! Likely going to be choppy on Monday given the upcoming CPI report on Tuesday. Current forecast expects inflation to rise, meaning delayed rate cuts. Play safe until the report comes out Tuesday, but my money is on a bearish bias for the rest of the week if CPI meets or exceeds expectations. We might have an impulsive break past 3390 this Monday before we head down given recent tariff threats. I won't be chasing any breakouts or breakdowns until Tuesday, trade small and save your capital. Wait for confirmation from the big report this Tuesday.
GC1! 3.169 incomingMGC1! Going through some drawings for the video tomorrow...
MGC1! Done trading for today. The price action is too risky if you didnt get an excellent entry. In my opinion, as long as we hold support, we will continue climbing. I’ll post a new Idea on sunday so we can catch up with the analysis