GOLDQ2025 Just presenting an alternate chart and confirming my fellow traders view of a bullish break. I am long 3335
Gold Mini Futures forum
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!!
MGC1! And if you are keeping scores: Market Makers 3 x 0 CarameloOur glorious 3289.6 level held strong this week and we pumped all the way towards that 3347.7.
However, because we did not have a continuation, I did a recount of the waves to try to understand what is going on, and this is what I got:
Im looking at the possibility of the 5 Wave impulse being already completed and we are now either in an ABC correction or the beginning of a new 5 Wave impulse.
With that being said, I have 2 scenarios:
Blue Scenario - Price will finally break below 3289.6 and take us all the way back to that 3253 - 3205 Range and possibly retesting that gap range.
Red Scenario - Price might retest 3289.6 and hold, possibly doing some sideways accumulation before blasting off towards that 3430-3475 range.
We have strong buying happening at 3300.9 which could be where we find support for the next leg up, but we did have 2 rejections of that descending trendline and 3 of that 3347.7 level.
If you've been trading this range for this week, you banked. But hopefully by next week we will be out of it and price will finally choose its direction.
I hope yall have a great weekend!
GC1! Riding the ascending triangle. Possible Breakout out after this consolidation phase
GOLD1! mcx....Market open gap down....
see thursdays 2nd STBT sell call....
14lakh per 10lot 2days profit after market open gap down....
wait 95k or book profit and again 97k gold in next few hours....
GC1! sells let goo
downward breakout going strong
MGC1! if you are keeping the score, we are 0 x 2 against the market makersRight now I am just waiting to see what price wants to do now.
We broke below the 3289.5 support, and if we can't retake that level and hold, price could travel down towards that 3254.1 to cover this VP gap we have marked in the chart.
For now, Wave 5 target still holds at that 3400 level.
I have an alternative wave count that I'll share later, but for now, lets see what price wants to do.
MGC1! Can someone explain the gap to me please? Super confused..GOLD1! TGT1 and TGT2 today also.....see gold and silver low 95850 and 96100 range......
+118400 per lot todays sell call profit before 11pm......
what next this week.....
sebi registered research analyst....