MGC1! Watching for these possibilities
Gold Online Futures forum
MGC1! Watching for these possibilitiesMGC1! Mini W to recover from yesterday's loss
GOLD GOLD1! 
SILVER SILVER SILVER1! Good evening friends.. Due to some busy schedule, i was out of the market for last 2 months. But today onwards I am again posting my views.Today we initiated buy gold at 93000 with 92500 sl for long positional target near previous high around 99000 within 10-15 days, we also initiated buy on spot gold at 3205 with 3185 sustainable 1 hour sl for 3300 and 3400 target till 15 may.Hold positional call for big bumper gain in coming days. Stay tuned with jai hind for more updates
MGC1! Because price broke below that 3280 support, my next target will be 3160 if price breaks 3210 support.If my Elliot Waves count is correct and we do have one more pump wave, that will be our Wave 5 and the target remains at the 3800-3600 range but with chances of parking right in our danger zone, since that was when we got our volume peaks that possibly indicates trend exhaustion.
GC1! Gold spot XAUUSD update....See Gold spot XAUUSD low 3229.82 range today......
sell 3330 range on few hours ago.....
Major movement today also......wait 3150 or book profit and again 3300.....Gold spot XAUUSD.....in next few hours.....
MGC1! Big L after a Big W. The market's way to teach me to stop overtrading
MGC1! The play is still valid, but it worries me that bearish volume was increasing and we now slowed down on volume, Depending on how price reacts in that "support line, I might be looking into cutting profits.If price breaks that ascending trendline below with high volume, I will take the L.
MGC1! This is our danger zone people. Monthly is closing with a stupid high volume candle, and the same is seen on the Daily and Weekly.These are the "Buyers Climax" candles that indicate early signs of a reversal.
Price will be giving us a bunch of bearish divergences to trap early bears, so thread lightly.
I don't believe we are reversing right now. This move down was just a quick ABC Retracement. There's high chances that the retracement is over, however our "danger zone" is there to remind me to watch price action carefully as there's a possibility of a longer ABC retracement.
My Wave 5 target is that 3800-3600 range but the fun thing is that price is at the ending of 3 different cycles of 3 different wave counts. The price action will be crazy and risky. We might be forming the ranges for a consolidation that could last at least 3 more months, possibly even more.
In the short-term, the bias is still bullish. But we gotta be watching carefully for price action is this range that we are in now.
MGC1! Just loaded some contracts... Lets see what happens