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QO1! trade ideas

Gold Futures – Double Top Leads to Bearish SetupGold Futures on the MCX chart is showing a classic Elliott Wave pattern in play. After forming a regular flat correction with a double top near the 99,300–99,200 zone, prices have started to drift lower. The double top structure—combined with the completion of Wave B—suggests that a Wave C decline is underway. Wave A took the price down to around 90,890, followed by a corrective Wave B that failed to break the previous high convincingly. The near-term outlook on the 4-hour timeframe remains bearish. I am anticipating five waves down within Wave C, which may take price back toward the previous Wave A low or slightly lower, possibly ending in a diagonal pattern, before a bullish reversal can be expected. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
MCX:GOLD1!Short
by WaveXplorer
GOLD FUTURES: LOADED COIL OR BREAKDOWN RISK ### 📉 **GOLD FUTURES: Loaded Coil or Breakdown Risk?** **Symbol:** MGCQ25 / MGC1! **Date:** June 24, 2025 **Session:** NY Open Pre-Market --- ### 🔍 **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 --- #### 🧠 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** --- #### 🧪 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 --- ### ⚔️ **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 ✅ --- --- 🚨 **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. ⚡️ --- 📉 **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 --- 🎯 **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 🪓 --- ⚖️ **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. 🧠📉 --- 🛑 *Disclaimer:* Not financial advice. This is professional-grade trade research. Execute with precision.
COMEX_MINI:MGC1!Short
by bencryptoknight
$GC/$MGC/Gold - Weekend UpdateHello Fellow Gamblers, Gold is currently playing with our feelings. We've been trough these short up and downs this past week but I believe that we are now ready for a reversal. Price had a good bounce from the 3357 support, which broke the minor trendline and is now creating a flag pattern, hinting at a possible continuation. - We need 3357 to hold and a break of 3418 and 3442 for a continuation up. - A break below 3357 will bring us back to our bearish scenario. - Levels to watch: 3283, 3357, 3418, 3504
COMEX_MINI:MGC1!Long
by Caramel0
Gold GC1! heading to $3,476 next with a 4.15R long trade TVC:GOLD Gold/ COMEX:GC1! hit the 0.705 fib level right between the 0.618 and 0.786 what I like to call the sweet spot for fibonacci tools. If it misses the 0.618 then the 0.705 is just as good, signals are showing a bottom forming and slowly but sure the rsi is about to cross up over 50, it should pump hard this time -4.15R trade -1.5% capital risk -as soon as gold starts to move, we'll drag our stop loss to or even past break even if it really pops up hard...
COMEX:GC1!Long
by SakisBack
YERPMGC1! Multi-Timeframe Technical Analysis – 8H & 2H by GOAT This dual-chart setup provides an advanced Elliott Wave and pattern-based analysis on Micro Gold Futures (MGC1!), combining macro context from the 8-hour chart with precision from the 2-hour timeframe. The analysis incorporates trend channels, corrective structures, RSI divergences, and potential trade setups. 🟡 Left Panel – 8H Chart: Trend Structure: Price is respecting a rising wedge pattern with multiple internal flags and channels, indicating a loss of bullish momentum at the top of the structure. Resistance Zones: Key supply levels are marked between 3,429 – 3,537, with price recently rejecting from this upper zone. Descending Channel: Current consolidation is forming a minor falling wedge, which could provide a temporary bounce before potential further downside. Support Levels to Watch: 3,343: Minor structural support 3,312 – 3,268: Major demand area (also aligns with previous breakout retest zone) RSI Context: Oscillator is hovering near the midpoint (~50), showing indecision. Previous bearish divergences from highs hint at weakening momentum. 🟡 Right Panel – 2H Chart: Elliott Wave Structure: A completed 5-wave impulse has been marked, followed by a corrective ABC pattern potentially unfolding. Scenario 1 (Bearish): Price rallies toward the yellow resistance trendline (Wave B) and rejects, completing Wave C toward 3,316 – 3,268. Scenario 2 (Bullish): Price breaks out of the falling wedge early, retests, and continues toward 3,429 – 3,475. Bollinger Bands: Price has re-entered mid-band territory, showing that volatility is compressing before a directional move. RSI Analysis: Multiple bearish divergences are visible, particularly between Waves 3 and 5. RSI currently rising after a bounce from near 30, suggesting temporary strength, but still under 50. 🧠 Summary: Gold is currently in a corrective phase following a 5-wave bullish impulse. While a temporary bounce is possible from the current wedge, the broader pattern points to a likely C-leg down unless key resistance (~3,394–3,429) is broken decisively. RSI divergence across both timeframes supports caution on long bias until trend confirmation returns. ⚙️ Chart prepared for educational and strategic planning. Not financial advice.
COMEX_MINI:MGC1!
by goat-farm
Gold to $3500-$3600Gold broke out of a two touch point downwards trend line recently and retested a previous swing high of around $3475. Since the swing high retest gold has dropped back to a retest of the trendline that was broken. Price has been holding above the lower green trend line with multiple touch points. With continued economic uncertainty among retail investors gold still stands as a safe haven investment so In the short term I can see it going to $3500 or even $3600. If the lower trend line has a candle close below it then do not go long into this trade.
COMEX_MINI:MGC1!Long
by mleo127
Part 4/4 GoldGroundbreaking move from Beijing: Chinese insurance giants can now invest in gold for the first time . Firms: PICC, China Life, and 8 more Max allocation: 1% of assets Potential inflow: 200 billion yuan ($27.4 billion) Why is this big? China = #1 gold consumer globally (910 tons consumer demand in 2023) Gold has cultural, symbolic and strategic importance China moving reserves from USD to gold This policy change is a structural shift, not just a headline] Conclusion:] Add China’s institutional demand to war + inflation + falling rates, and we get one clear strategy: BUY Gold. Target: $5000 in 2025]
BIST:XAUUSD1!Long
by KenJi_Indicator_2
GC Ready for a Push to New All-Time HighsGold Futures (GC) are showing signs of accumulation and upward momentum, with the chart forming a rounded base suggesting a potential breakout. Recent price action has been consolidating in a bullish structure, and we may be gearing up for a breakout towards new all-time highs. With rising geopolitical tensions in the Middle East, gold's safe-haven appeal could drive significant buying pressure in the coming sessions. Volume is stable and supportive, and the technical structure aligns with a bullish continuation.
COMEX:GC1!Long
by EvanGre
$MGC / $GC / Gold Post-Market UpdateHello Fellow Degenerates, Price retraced below a 3416.2 and it is now between that level and a FVG. I do see some signals that a possible pull back might happen and I have now marked 3442-3430 as an important range to watch. - If the pullback happens, it could be a retest of the HVN resistance, and if price gets rejected in that range, we will go towards our bearish scenario. - However, if price breaks above that range with strength it will mean that we are now going towards our Wave 5 target near 3504. - Levels to watch: 3504, 3442, 3430, 3416, 3358, 3283.
COMEX_MINI:MGC1!Long
by Caramel0
GOLD ANALYSIS FOR THE WEEKI've been studying GOLD (GC) & others and want to share my analysis. Trading involves probabilities, so it's essential to be confident and prepared. Study the market thoroughly before trading with real money. Let's test strategies this week. You may use a live account if you have capital, and manage your stop losses carefully. Next week, I'll provide more details on entry points and stop losses. Wait for trades at specified levels and avoid positions in the middle to minimize losses. Be patient and trade from one edge to the other. Good luck and make money. For one-on-one sessions: $20k per person. You'll learn weekly, monthly, and yearly calculations. Weekly subscriptions are also available for $500 per person. COMEX:GCD1!
COMEX:GC1!
by COOPARE