$MGC (Gold) Pos-Market Update - June 11, 2025Huge moves happening on gold, price is now in a level in which it could invalidate our ABC scenario. At this moment, I'm not changing my bias. I would like to see a break above that 3397.5 level before that happens.
- Key levels: 3397.5, 3387.6, 3372.8, 3366.7, 3339.7
Gold Petal Futures
GOLDPETAL1! trade ideas
Gold Slides as Markets Downplay the Fallout of ME EscalationGold prices are trending lower today after a slight positive open, struggling to hold near $3,365 per ounce, hovering just above the lowest level in over ten days.
This weak performance comes as markets continue to downplay the consequences of the unprecedented U.S. strike on Iran’s nuclear facilities.
Previously, experts had viewed a strike on Iran’s nuclear sites as the line between a limited bilateral conflict with Israel and a full-blown regional war with global economic costs. Fears centered around a potential Iranian—or proxy—attack on the region’s vital oil and gas infrastructure, which supplies over a fifth of global energy needs.
However, those fears have yet to materialize, offering markets some reassurance that the escalation will not trigger a major shock that could reignite concerns over global economic stability. This narrative of containment has stripped gold of the geopolitical risk premium it previously enjoyed.
According to the New York Times , some experts believe Iran is unlikely to disrupt energy flows in the region as long as its own export facilities remain intact. In another word, any Iranian attempt to destabilize energy markets may invite retaliatory strikes on its own vital oil infrastructure—further damaging its already fragile economy. Axios quoted Brookings Institution foreign policy director Suzanne Maloney describing Iran’s parliamentary call to shut the Strait of Hormuz as symbolic, arguing that the Islamic Republic is unlikely to risk its economy or the rapprochements with Gulf neighbors.
That said, the Middle East’s unpredictable trajectory, with near-daily escalations, continues to unsettle markets and sustain elevated risk appetite, which could ultimately benefit gold.
In a New York Times opinion piece , Nicholas Kristof outlined three key risks that could stem from the U.S. strike on Iranian nuclear facilities: the nature of Iran’s response, whether the strike set back or accelerated Iran’s nuclear ambitions, and whether this is a step toward a broader war.
Iran’s response could range from symbolic gestures to reckless escalation, potentially dragging the U.S. deeper into direct involvement.
According to the Wall Street Journal , Tehran may choose to strike at evacuated U.S. bases in the region, as it did in response to the 2020 assassination of Qassem Soleimani, when Iran targeted the Ain al-Asad base in Iraq in what was described as a calculated, non-escalatory response. Alternatively, Iran could intensify missile strikes on Israel—viewed by some as Washington’s largest forward base—thus keeping the conflict somewhat localized for now.
Still, Iranian Supreme Leader Ayatollah Ali Khamenei may ultimately reject a ceasefire, unlike what his predecessor Ayatollah Ruhollah Khomeini did in the late 1980s to preserve the Islamic Republic. This keeps the door open to new and unpredictable rounds of conflict, according to The Times .
On the nuclear front, Washington Post columnist David Ignatius warned in an opinion piece that Iran could pursue a crude radioactive “dirty bomb” using highly enriched near weapons-grade enriched uranium. Such a scenario would also be dangerously uncertain. In my opinion, it is unlikely that the U.S. or Israel would simply stand down after such a development, possibly setting the stage for the most extreme and dangerous escalation yet.
This could align with the protracted duration of the war and reports that Israel’s defensive missile stockpiles are running low, which raising the stakes. Israel may feel compelled to force Iran into surrender, as the U.S. did with Japan, though unlike Japan, Iran could be a nuclear state. Given Prime Minister Netanyahu’s political stance, a settlement that leaves Iran’s nuclear or ballistic program intact is unlikely to be accepted. Iran, for its part, firmly rejects dismantling its programs, adding to the likelihood of prolonged conflict and worst-case scenario.
Despite the market’s muted reaction to the U.S. strike, the surrounding risks remain significant and unresolved. As long as their realization remains uncertain, volatility in gold and oil prices may persist until the conflict is either resolved or definitively contained.
Samer Hasn
$GC/$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
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...
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.
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.
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]
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.
$MGC / $GC / Gold Post-Market UpdateHello Fellow Degenerates,
Price retraced below a 3416.2 and it is now between that level and a FVG. I do see some signals that a possible pull back might happen and I have now marked 3442-3430 as an important range to watch.
- If the pullback happens, it could be a retest of the HVN resistance, and if price gets rejected in that range, we will go towards our bearish scenario.
- However, if price breaks above that range with strength it will mean that we are now going towards our Wave 5 target near 3504.
- Levels to watch: 3504, 3442, 3430, 3416, 3358, 3283.
GOLD ANALYSIS FOR THE WEEKI've been studying GOLD (GC) & others and want to share my analysis. Trading involves probabilities, so it's essential to be confident and prepared. Study the market thoroughly before trading with real money.
Let's test strategies this week. You may use a live account if you have capital, and manage your stop losses carefully. Next week, I'll provide more details on entry points and stop losses. Wait for trades at specified levels and avoid positions in the middle to minimize losses. Be patient and trade from one edge to the other.
Good luck and make money.
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$MGC1(Gold) Weekend Update - June 14Hello Fellow Gamblers,
I hope you're not sinking in your twin size bed thinking about your losses from this week.
I am bringing to you a weekend update on gold, so we can get ready for this week. This video is a little bit longer and my ability to speak becomes worse as time extends, so take your time and get your notes right to prepare for the week.
- 3416.2 needs to hold for more upside. A break below that level can take us towards 3358.8.
- A break below 3358.8 validates our bearish scenario.
- A break above 3504.1 validates our bullish scenario.
- Levels to watch: 3416.2, 3358.8, 3504.1