### 📉 **GOLD FUTURES: Loaded Coil or Breakdown Risk?**
**Symbol:** MGCQ25 / MGC1!
**Date:** June 24, 2025
**Session:** NY Open Pre-Market
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### 🔍 **Top-Down Analysis (TE GRID Aligned)**
#### 🕵️♂️ 1D Macro Bias:
Gold’s daily candle is an aggressive rejection off the \$3,400s with a break of the prior demand zone. Heavy volume on the red day signals **institutional unwinding** 📉. Price cracked through the previous bullish imbalance zone and now floats just above key structural support at **\$3,295**.
* 🟣 **Bias:** **Bearish until proven otherwise**
* ⚠️ Watch: If today closes below \$3,295, opens door for \$3,170 sweep
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#### 🧠 4H/1H HTF Structure:
* 4H shows textbook lower high + BOS formation — order blocks at **\$3,378–\$3,400** rejected price multiple times.
* 1H VWAP anchored from the last major high at \$3,400 is pressing down — no reclaim, no rally.
* Big liquidity cluster sits below at **\$3,170–\$3,130**, possibly magnetic.
🔵 **HTF TE GRID Check**:
* ✅ HTF Bias: Bearish
* ✅ No support reclaim
* ✅ Liquidity below
→ **Short bias confirmed**
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#### 🧪 15m Intraday Liquidity Check:
* VWAP = resistance
* EQ (Equilibrium) from consolidation = broken
* Price action: forming lower highs beneath \$3,336–\$3,340
* Volume dropping on minor pullbacks = weak buyer response
🔴 **Intraday Bias:** Fade rallies into HTF resistance
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### ⚔️ **TE GRID Trade Setup Ideas** (Execution-Ready)
#### 🎯 **Setup #1 – HTF Supply Rejection Short**
* 🔹 *Entry:* \$3,336–\$3,340 zone (intraday VWAP retest)
* 🔹 *Stop:* Above \$3,350 (invalidates idea)
* 🔹 *Target 1:* \$3,295 (gap fill)
* 🔹 *Target 2:* \$3,170 (macro sweep target)
* 🧠 *TE GRID Alignment:*
* HTF down ✅
* Liquidity above swept ✅
* Rejection from imbalance ✅
#### 🎯 **Setup #2 – Breakdown Momentum Play**
* 🔹 *Entry:* Break & retest of \$3,295
* 🔹 *Stop:* Above \$3,305
* 🔹 *Target:* \$3,170 → \$3,130
* 🧠 *TE GRID Alignment:*
* Structure BOS ✅
* Rejection of EQ ✅
* No buyer absorption ✅
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🚨 **Gold Futures Breakdown In Progress — Powell Speech Could Seal the Deal** 🧠💣
Gold is under heavy pressure as the market rotates out of safe havens amid a cooling in geopolitical risk — but price action says this isn’t over yet 👀.
The **Israel–Iran ceasefire** may have stunned gold bulls, but the real signal is coming from **macro and technical structure**. Powell’s testimony today could either validate the Fed’s dovish lean — or crush the dollar further. Either way, volatility is loading. ⚡️
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📉 **TE GRID Top-Down Breakdown**
1️⃣ **Daily:** Bearish rejection from prior demand
2️⃣ **4H/1H:** Rejected from VWAP and macro imbalance at \$3,378–\$3,400
3️⃣ **15m:** Weak bounce volume, liquidity gaps below = fade rallies
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🎯 **Key Trade Levels:**
* **Short Zone:** \$3,336–\$3,340
* **Breakdown Trigger:** \$3,295
* **Targets:**
* \$3,170 = HTF liquidity draw 🧲
* \$3,130 = macro flush if Powell disappoints 🪓
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⚖️ **Narrative:**
Gold is stuck between **a falling dollar** and a **waning fear premium**. Powell is the final wildcard — if he leans dovish, the dollar could slide further. But without structural reclaim, **gold remains a short-the-rip environment**. Stay tactical. Let price confirm before you commit. 🧠📉
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🛑 *Disclaimer:* Not financial advice. This is professional-grade trade research. Execute with precision.
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.