There is the overbought (OB) trend noise balance (TNB) indicator on 1D-1W to confirm this
There is a 1M BUY weakness ( ) indicator to confirm short/medium term
There are no 'active' indicators to conflict this
There are 'inactive' indicators to conflict this, the 1Q SSTO SELL signal
There are warning signs of the 2D 6UP which filled 50% so it made an attempt to fill and not much more can be expected although typically 33.3% (1844.1) is reached for more potential.
There are 'inactive' warnings signs 1Y OB, 1Y 12UP.
Be aware of the cost of any potential SL and the affect of that on the account. In this scenario CMP 1889, 1W LOW SL 1855, 1 MGC contract $10.00 = 1 'point', cost = $340, In the book, Trading For A Living - a trade should not risk more than 2% of the account, account size = $340 / 0.02 = $17,000 minimum.
The narrative of GC is exhausting due to the record 12 green 1Y closes in a row from 2001 to 2012. This caused the 1Y to reach 90 in 2012. When the produced a SELL signal by trading below 70, it immediately caused a crash to the 9 at 1167.7 the following year. Now that the 1Y has again closed above 70 last year and now sits at 75, there is a concern price will fall to the 9 if it trades below 70 again. Because this is a long-term idea, I consider it 'inactive' and I only trade in the direction the are moving in. For that reason, I will consider buying between the 1D 18 and the 2D 18 as confirmed by the OB TNB indicator. The price is already at the top of the so buying is reasonable but because the is wide, the SL is difficult to place. I do have 2 potential SL to use which I forgot to label on the chart. 1 would be the up beginning 3/31 and the other would be the 1W LOW. Unfortunately these both fall above the support of 2D 18 . Not only that, but there is the 2D 6UP 33.3% below that . Like I said, the techincals of GC are an exhausting mess. I would wait for more short-term confirmations, better 1D BB conditions (at least 1XP rather than 1CP), wait for the FED interest rate decision next week.