MGC1! Definitely nice when Powell is talking and you're on the right side of the tradeGold TRY per gram Futures forum
MGC1! Definitely nice when Powell is talking and you're on the right side of the tradeMGC1! No rate cuts, near-term outlook should be bearish here. Not a lot of volume at the moment obviously, but I think we should see a bearish move overnight during Asia and London. There's still important news coming out in the AM tomorrow, so I might actually TP over London.MGC1! Looking at the data releases that came out a few hours ago - we're looking mixed. GDP is up, which has pushed gold price down obviously. But some of the price indices have gone down as well, which means inflationary pressures are reducing. Higher probability that there are no rate cuts, so I am going to take a small micro gold position with a stop just above 3360. But again, the interest rate decision comes out in roughly 3 hrs and I'll be swing trading whichever direction gold goes after that.
MGC1! This is what im looking for gold atm.I want price to close above POC for a possible continuation towards ATH.
If we close below POC, we have good chances of retracing below 3208 towards our bearish targets.
GC1! This is not a confirmed bottom yet — it’s a liquidity pause near the prior low and PDL area
MGCV2025 October contract has a huge inflow of sell volume for this month. Maybe that means a short squeeze coming soon, but those monthly candles aren't ones I will be longing anytime soon.
MGC1! When do you guys start trading the next contract in gold? When we near less than a month to expiration I don't like the sound of that really for the way I like to trade and take advantage of time in market. Just offers peace of mind that it could be swung really.
GC1! Gold in the futures market has reached a price of 3385. It is either taken at the end of the month and the contracts are settled or extended. But why is there such a big price gap? I saw a lot of price difference up to $30. But I had not seen $50, the difference between cash and futures.
MGCZ2025 Theres a good chance of upside action support is at 3380.MGC1! This is definitely looking more and more like a pump and dump now. Not going to take any trades though