GC1! Early test of the 3,848–3,852 pivot decides the session. A rejection there likely sends GC back to 3,835; a firm 15m body below 3,835 opens a drift toward 3,820 with risk of a stab into 3,800 before a PM bounce. Bull path requires clean acceptance above 3,852; that unlocks a squeeze to 3,865–3,872. Only sustained trade above 3,872 sets up a late-day run at 3,890–3,905.
MGC1! Big focus this week is the NFP data. The market has priced in 3 rate cuts, but given recent fed speeches I think that we might likely end up with less than that. If so, then $3800 could end up being a premium price. And if NFP comes out even matching the forecast value, we might end up rangebound between 3850 to even 3600 for a while. We should be off to a quiet start to the week, and things should start picking up come Wednesday.
GC1! Early test of the 3,848–3,852 pivot decides the session. A rejection there likely sends GC back to 3,835; a firm 15m body below 3,835 opens a drift toward 3,820 with risk of a stab into 3,800 before a PM bounce. Bull path requires clean acceptance above 3,852; that unlocks a squeeze to 3,865–3,872. Only sustained trade above 3,872 sets up a late-day run at 3,890–3,905.
