MGC1! Bloodbath incoming.Micro Gold Futures (Apr 2027) forum
MGC1! Bloodbath incoming.
GOLD1! 2500 point Gold up in 2days.....Intraday call....
sell Gold and Silver 95520 to 94800 94500 94000 Gold.....and 97670 to 96500 95500 94500 Silver.....before 5pm
Profit 11lakh per 10lot before 5pm..
MGC1! Price has entered the gap zone. as I mentioned before, I do expect this are to show us some resistance, but so far the main level I was looking (3293) for is slowly being broken.We're still in risk of a pullback happening to 3252 for a breakout retest, so be careful!
After we have a breakout confirmation, I'll be looking at 3337 as the next level where we can find some strong resistance.
I wouldn't be surprised if we bounce in between this gap range range for some time before we continue up towards our 3360 target.
MGC1! And the breakout happened! As I mentioned before, I was watching for that consolidation pattern being formed on for our Wave 2. The wyckoff worked right and we got our breakout. I was expecting strong resistance to happen at that Gap created on May 12, but i forgot to highlight 3277 as a super important level!
3277 was a strong support level before. it worked as a pivot point, attracting price to that level.
That being said, we are still holding support on that level, but I wouldn't be surprised if we break below towards a retest of that Red trendline breakout.
My target of 3360 still holds, but the road to that target may be a little bumpy. Dont panic sell tho. Work on your risks.
We will see what price will tell us next.
GOLD1! Operator start works....Gold and Silver crashed in next few hours....
94820 to 92800 Gold and
97080 to 94500 Silver......in next few hours.....
Profit +28lakh per 10lot......today.....
100% recover your past loss.....
Trade and Sell Maxxxxx
GOLD1! MCX....Operator start works....
Gold and Silver crashed in next few hours....
94680 to 92800 Gold and
96960 to 94500 Silver......in next few hours.....
Profit +27lakh per 10lot......today.....
100% recover your past loss.....
Trade and Sell Maxxxxx
MGC1! Wave 2 target was hit overnight. As expected, RSI did a reset to its 40 lvl support. MACD created a higher low.Now our target is at 3360. I do expect some resistance at 3248-3270, but the pattern created during this Wave 2 consolidation looks a lot like a re-accumulation wyckoff pattern. If that is the case, i expect an explosive breakout with the first pullback possibility at that gap between 3328-3296.
The compressed RSI and MACD helps validate this theory. A breakout is coming very soon, but be aware of fakeout breaks.
GC1! Major movement gold....today in next few hours....wait 3200 or again 3270 Gold spot XAUUSD.....before US open....
GOLDM2025 I agree with Caramel0. Except a strong resistance at 3256
MGC1! My 3360 target still holds. We are going through a little consolidation phase at this time, but as long as 3171 support is not broken im still bullish. However, because of the price action from today, I do see a possibility of price dipping towards that 3209 level and possibly touching that lower yellow trendline. That would bring the 1hr RSI towards 40 support and MACD to create a equal low with the low from last week.
That would put my theory in risk, but i do believe that it's purpose is to create a fake breakdown with the indicators.
We will see what price will do tomorrow
