MGC1! Something is happening...
1-Ounce Gold Futures (Apr 2027) forum
๏ปฟMGC1! Something is happening...MGC1! Watching closely to what gold wants to do right now. Im suspecting that Wave 4 is completed and we are now moving towards our wave 5 target.
I need a break and hold above 3382 for continuation up.
We could be looking at a few days of sideways move and accumulation before we continue towards our target, so be aware of it.
GC1! Buy limit filled..lets's go !!
GC1! Buy gold on dip , Sell Natural gas on every high target 3
MGC1! 4Hr Close above / Retest of Daily Fib. Level 50.0% EQ
MGC1! ๐ MGC Trade Plan Summary๐ Entry: Buy at 3,404 (after confirmed trendline breakout)
๐ฏ Target 1: 3,435 (~0.9%)
๐ฏ Target 2: 3,500 (~2.8%)
๐ Stop Loss: 3,370 (~1% risk)
๐ง Key Considerations
โ Confirmation: Wait for a clean breakout close
๐ Volume: High volume = strong breakout
๐ Sentiment: Macro conditions influence gold heavily
โ๏ธ Risk Management: Adjust size to your risk tolerance
๐ Macroeconomic Factors Affecting Gold
๐ Factor ๐ Impact on Price ๐ Current Trend
๐ช Geopolitical Tensions ๐ผ Increase Rising (e.g., Russia-Ukraine, U.S. tariffs)
๐ต U.S. Dollar Strength ๐ฝ Decrease Weakening amid trade fears
๐ฆ Interest Rates ๐ฝ Decrease Rate cuts expected from the Fed
๐ Inflation ๐ผ Increase Persistent โ gold seen as hedge
๐๏ธ Central Bank Buying ๐ผ Increase Accumulation rising in emerging markets
โ ๏ธ Economic Uncertainty ๐ผ Increase High โ safe-haven demand climbing
GC1! Buy & Sell Strategies๐ Buy Strategy:
Entry: 3,348.9 (near 0.5 Fibonacci level & FVG)
TP1: 3,397.0 (Current resistance) โ +48.1 points
TP2: 3,420.0 (Next major resistance) โ +71.1 points
SL: 3,297.6 (Below 0.618 Fibonacci) โ -51.3 points
๐ Sell Strategy:
Entry: 3,397.0 (Current price)
TP1: 3,348.9 (Near 0.5 Fibonacci & FVG) โ +48.1 points
TP2: 3,297.6 (Below 0.618 Fibonacci) โ +99.4 points
SL: 3,420.0 (Next resistance level) โ -23 points
MGC1! Boom! We have a breakout!I shared 2 scenarios last week about what i thought could happen on gold, and today we have our decision.
Price blasted through that trendline resistance and it is now going towards our Wave 3 target.
I hope everyone was able to get some profits out of this move!
There's still time, but be careful as price is getting close to our target!
GOLDQ2025 Just presenting an alternate chart and confirming my fellow traders view of a bullish break. I am long 3335
MGC1! 4Hr TF Current PA. I believe we will be bullish this week. Let's see!!