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Gold Futures (Feb 2016)

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Gold Futures (Feb 2016) forum


GC1!
Entry: Long at 3418-3423 (rejection confirmed via pinbar & +delta on Bookmap).
SL: 3408 (below swing low, ~15 pts risk).
TPs:

TP1: 3443 (50%, 2R partial)
TP2: 3463 (25%)
TP3: 3503+ (25%, trail on BOS)



MGC1! We need a break of this fvg, A rejection can mean a retracement towards 3377
Snapshot

MGC1! if we reverse now, we might be testing 3408 again, possibly going higher.

GC1!
• Price had a strong impulsive breakout above the 3354–3360 zone during the 8:30 AM news, followed by range compression under the 3398–3401 supply zone (premium).
• On the 1-min, price printed LHs just under supply and failed to break 3401.
• On the 5-min, price is holding a series of HLs with EMAs stacked bullish, but struggling to reclaim HHs.

Two Scenarios for A++ Setup

1. Short Setup (More likely for now)
• Trigger: Rejection and failure to hold above 3398–3401, especially on a liquidity sweep.
• Entry: Ideally on a sweep of 3401 with absorption or bearish engulfing candle.
• TP Zones:
• First target: 3388–3386
• Final target: 3380–3375 (low-volume area)

Avoid shorting early — need clear failure or rejection + weakness.



2. Long Setup (If breakout occurs)
• Trigger: Break and close above 3401 with strong volume and continuation structure.
• Entry: Pullback to 3398 or 3401 (flip level).
• TP Zones:
• 3410 minor extension
• 3416–3420 strong imbalance from July

GC1!
Current Levels:
• Immediate Resistance:
• $3,407 – $3,410 zone (Strong Heatmap and Premium Zone rejection likely)
• Support/Reaction Zones to Watch:
• $3,385.8: Clean impulse base before launch – 54-handle rally zone
• $3,372.8 – $3,374.8: Fair value gap + PDH
• $3,361.4 – $3,353.7: Layered liquidity cluster (can be base for bounce or reload)
• $3,344.6 – $3,335.8: Deep discount demand zone

What to Wait For:
• A++ Setup: Return to FVG/PDH with bullish BOS or CHoCH, large volume + absorption, then engulf structure back upward.
• Trap short scenario: Fake breakdown of $3,385 then V-shape reclaim.

MGC1! If we don't break above 3442, we could be heading towards 3k levels if are able to break 3252 support
Snapshot


MGC1! Going to sit out on trades for the rest of the week. Quite a few contradictory things happening news wise, will get a cleaner picture after tariff deadline passes. Have a great week y'all