MGC1! 📈 Gold Market Update – Buy Signal (Swing Trading)
A buy signal has been confirmed on the gold market for swing trading. At the moment, if we want to scalp, it’s better to focus only on long opportunities short positions could be too risky for now.
Big buyers are active, aggressive, and clearly pushing the price up.
As for targets, I prefer not to give fixed levels. I always monitor the market in real time to see how big buyers and sellers are reacting.
…2 consecutive months of lower closes, possibly a repeat of Nov/Dec ‘24 when the same pattern occurred. Meanwhile, spot prices had made minor gains in closing prices, MoM. We all know now what followed between Jan-Apr. Is it possible this is the start to another leg up? We can only speculate… only the future knows - see you there 🫡
MGC1!XAUUSD Buy trade from my last weeks forcast is now active..I will close one contract before going to bed and leave one runner. Recap video and forcast for this week will be posted on youtube later tonight
MGC1! 📈 Gold Market Update – Buy Signal (Swing Trading)
