MGC1! Indexes up, VIX down, inflation down, and still so much buying pressure on gold... interesting. Proceed with caution.Taifex Gold Futures (Feb 2026) forum
MGC1! Indexes up, VIX down, inflation down, and still so much buying pressure on gold... interesting. Proceed with caution.
MGC1! Just posted an update on Gold. Make sure to watch it so you don't miss some important info.
- Wave B target was hit but it was due to news, so we are watching carefully for price action and levels.
- Confirmation for Wave C will be break of trendline and 3337 level.
- Levels to watch: 3366.6, 3345.5, 3387.6 and 3323.2.
Idea: $MGC (Gold) Update - June 11, …
GC1! After US data....Trade and Sell maxxx.....
Gold spot XAUUSD 3360 range to new low 3315 3310 3300 in next few hours....
GOLD1! MCX....wait TGT1 96800 and 105000 in next few minutes.....Operator start works....see my sell call after US data....
GC1! Pullback in and back out of the value area would be a sweet play
MGC1! Anybody else SHORT on GOLD ?
GC1! Dump Like its hot!!
GC1! Gold sell going great , 7 points in ..Lets see how it goes
MGC1! And we got a break from the TL, but 3359 held strong as a resistance level.Right now, the rules are simple but complicated at the same time.
- Price has reached an acceptable level for another wave down towards our bear target. For that to be confirmed, I'd like to see this mini trendline i created to break as well as the last higher low at 3332.
- For the bullish scenario, i'd like to see price to hold the mini TL and break through 3359 towards our bull target. I'll assume we are done with the retracement once we take that 3388.7 - 3400 range and hold.
I might get back to making videos to share the analysis, since I have 2 different scenarios that could be playing out on gold that I want you to be aware.
I hope we all had a good monday! See yall tomorrow.
MGC1! The retracement is still playing.Right now im looking at these 2 possibilities.
As you can see, price is struggling to get back in towards that POC at 3382. Our down trendline is also holding.
This fail will take price towards our retracement target.
If bulls prevail and we are able to break in, I'd still be very careful on any swing plays for it as it is likely it will be a bull trap and price will then continue towards our retracement target.
