where is the shining GOLD?

MGC1!

multi-week correction after pulling back from its historical highs. Over the past few sessions, selling pressure has intensified significantly.Current Spot/Price Level: ~$4,319.20

Daily Trend: Downward (−1.06% on the session, compounding a massive ~3.1% to 3.5% drop from Friday’s close).

Overall Market Sentiment: Strong Sell across dominant daily metrics.


D Gravity TrendLine : 4648; It is very likely to remains weak and extend its losses.


W Chart :
MACD : Dead-Cross formed on 23Mar26 - It broke it uptrend channel and continue remains deep in negative territory; indicating that downward momentum is firmly in control and has not yet bottomed out.
CCI & RSI remained at weak bearish zone.

D Chart : Friday broke and closed below MA200.
If it continues to falls ; it may find the next support level at :
🗝️S1: 4230
🗝️S2: 3893
🗝️S3: 3523


Mange your risk.
Follow your risk/reward ratio and trade plan!
Trade with plan.


✅ Buy only after reclaim confirmation
✅ Tactical shorts at weak rebounds possible
❌ Do Not Catch Falling Knives