Gold Futures (MGC / GC) — Daily Outlook (Wed)

Price just broke the previous ATH (3,578) and is in new price discovery. Momentum is bullish, but there are key imbalances below that could attract price before continuation.

🔍 Key Levels

ATH (3,578) → breakout level to watch

1H FVG (3,565–3,575) → short-term support zone

4H + 8H FVG stack (3,515–3,535) → deeper liquidity target

Immediate resistance → 3,610–3,620 zone

⚖️ Scenarios for Wednesday

1️⃣ Bullish Continuation (primary bias)

If ATH (3,578) holds → look for continuation into 3,610–3,620+

1H FVG may provide a bounce if tested

2️⃣ Deeper Pullback (secondary bias)

Failure to hold ATH → watch for a drop into 3,515–3,535 (4H/8H FVGs) before bullish continuation

✅ Trade Plan Idea

Continuation play:
Buy on ATH retest / 1H FVG bounce (3,575 zone) → target 3,610–3,620+

Deeper retrace play:
If ATH breaks clean → wait for price inside 3,515–3,535 zone → look for reversal confirmation long

📌 Notes

Momentum = bullish until proven otherwise

Don’t chase → wait for either ATH defense or clean retrace into imbalances

Manage risk → this is price discovery, expect volatility

📊 What’s your bias here? Do you see price holding ATH for continuation, or do you think we dip first into the deeper FVGs?