MGC1! watching for the possible formation of this right shoulder...
Gold Online Futures forum
MGC1! watching for the possible formation of this right shoulder...MGC1! this current RSI/Price divergence makes me think that there is one more move down and that we are currently in a bull trap...
MGC1! We got a touch in the target zone that I talked about earlier. It is still early to say rather we are done or not, but we are having some reversal signals in the smaller timeframes.
Price retraced back to the 1h TF 20EMA and that is what I'll be watching tonight.
MGC1! Watching for a move like this to happen
MGC1! We got a break of the trendline(blue) as price is approaching our target. If price holds support at 3357, we might even get past our target.
GC1! …2 consecutive months of lower closes, possibly a repeat of Nov/Dec ‘24 when the same pattern occurred. Meanwhile, spot prices had made minor gains in closing prices, MoM. We all know now what followed between Jan-Apr. Is it possible this is the start to another leg up? We can only speculate… only the future knows - see you there 🫡
MGC1! If this current move up is sustained, we could see price approaching our 3402 level this week.
MGC1! XAUUSD Buy trade from my last weeks forcast is now active..I will close one contract before going to bed and leave one runner. Recap video and forcast for this week will be posted on youtube later tonight
MGC1! Weekend update just dropped: Idea: $GC / $MGC / Gold - Weekend Up…
GC1! 🚀 Gold Trade Suggestion – High Confidence SetupWith a 90% win rate on recent gold trades, I recommend a long position.
✅ Best entry price: Around 3283.6
🎯 Target 1: Near 3290.6
🎯 Target 2: Around 3300
Strong buying pressure is active — big buyers are present and pushing the market with force.
Let's see how the market will react.