GOLG2026 trade ideas
a return to microstructure provides a continuation opportunity 1->3 : creates a higher high ,
with number 2 buyers showing
superior volume with respect to
number 1 sellers
3->4 : we return to the genesis of
the local scope uptrend continuation
what do I think will happen next ?
* obv is in a solid uptrend showing
continued buying pressure
* vwap provides a rejection / support point at
the number 2 low using a lower pivot to anchor
* price has no great reason to come
back above the volume cluster here if selling is the point
* hidden bullish pressure on rsi and
mfi on the lower fracal structure
Gold futuresGold futures have approached the $3500 per ounce resistance level over the past four weeks but have not yet broken through it. The yellow metal may continue trading within the $3200-3500 range for some time. It is worth noting that the long-term trend remains bullish as long as the $3100-3200 support zone holds.
Long-term trend: Up
Resistance level: 3500
Support level: 3100-3200
MGC - WEEK 36 SEPT 2ndLooking for MON, TUE, WED to create high of the week at BS then pull back into the larger range.
CALANDER EVENT
TUES
-10AM - PMI (HIGH)
WED
-7AM - 30-YEAR MORTGAGE RATE (MED)
-9AM - FED SPEACH (MED)
-10AM - JOLT's JOB OPENING (HIGH)
THUR
-10AM - PMI (HIGH)
-12PM - OIL/GAS (MED)
FRIDAY
-8:30AM - NFP / UNEMPLOYMENT RATE
No CommentGold futures (GC) are currently exhibiting a classic consolidation pattern on the daily timeframe, specifically a contracting triangle. This formation, identified as a standard a-b-c-d-e Elliott Wave sequence, is functioning as a continuation pattern following the strong uptrend observed from Q1 to Q2 2025.
The accompanying decline in trading volume throughout the pattern's development reinforces the validity of this consolidation phase, suggesting that market energy is accumulating for a significant directional move.
Key Levels to Monitor:
Confirmation (Trigger): A decisive daily close above the key resistance zone of $3,525. This breakout should ideally be supported by a surge in volume.
Price Target: A successful breakout projects an initial, measured target in the $3,900 - $3,950 range.
Invalidation: The bullish thesis would be invalidated upon a breakdown below the pattern's lower trendline support, specifically a close below the wave 'e' low at approximately $3,400.
From a macroeconomic perspective, this technical setup is highly sensitive to upcoming economic data. A catalyst in the form of weaker-than-expected labor or inflation figures could accelerate the anticipated bullish breakout.
Gold Futures (GC1! | Daily Analysis)📊 Gold Futures (GC1! | Daily Analysis)
Gold is consolidating within a tight wedge structure, testing the equilibrium zone near $3,390.
🔑 Key Observations:
Premium Zone rejected near $3,520, aligning with recent swing highs.
Price is now retesting trendline support + equilibrium zone (~$3,320–3,390).
Volume profile shows distribution spikes suggesting strong participation but indecision.
A clean break below equilibrium could target discount zone near $3,160.
Holding above support may invite another test of premium liquidity above $3,500.
⚖️ Outlook:
Gold sits at a critical decision point.
Bullish case: Hold equilibrium → push back toward $3,520.
Bearish case: Break and close below $3,320 → liquidity sweep into $3,160.
🕵️♂️ Watch how price reacts at this wedge support; it will define the next leg.
#Gold #Futures #SMC #Trading #WaverVanir
Gold at Resistance ! Next move will decide trend.Daily Chart Update – Gold1!
Gold is currently forming a rising wedge pattern, with resistance near the sell zone of 103550–103700. The metal is also trading within a well-defined ascending parallel channel, where the channel resistance aligns with the first selling level around 10500.
On a percentage basis, after a 5–6% upward move, gold has reached the key levels of 104700–10500. If these resistance levels hold, we may witness a potential decline in prices. Accordingly, positions can be shifted, and selling opportunities may be considered in line with both the pattern formation and the overall market structure.
Conclusion: According to the pattern and overall structure, 103500 is the first selling zone, while further resistance lies at 104700–10500. Sustaining below these levels could open the way for lower prices.
Buying GC based on multiple confluence elementsGC formed Daily +Unicorn breaker. Overnight GC sweapt PDL, formed 1H +unicorn breaker. It returned to the breaker zone and 1H range discount (below equilibrium and formed 15M + Unicorn breaker during London open.
I've never seen more confluence elements in one place. Going for 1:2 RR
retracement to solid sellers with pullback =SELL it up1->4 : we have a solid downtrend, lower lows
and lower highs, the 3-4 push down cemets number
1 sellers as solid sellers, able to defeat the buyers
from number 2
4->7 : we return to the solid sellers at number 1
and get an initial bearish reaction, then
return to the number 1 resistance level
for a confirmation or perhaps not
what do I think will happen ?
* on the daily we are on a solid uptrend, but if
we look at almost 1 month now it's been a solid
downtrend, it makes sense for me then that maybe
its been long enough to not expect support to hold
and to wait for that to go hold, but to join the sellers at this point
* as far as chaos theory goes, it disagrees and believes we will hit stop loss before any thought
of heading down , regardless its a strong trade
* we have bearish rsi and mfi which helps, they are oversold at the number 7 high, as well as the number 5 high, if we draw a horizontal line, perfectly picks the number 7 rejection, although number 5 was not super special and buyers came in there so i'm not sure how helpful that is long term.
* as far as elliot wave goes we could have completed the fifth wave and are looking for a 3 wave retracement which helps us as we are aiming for the low at number 4
GC 8/26 Outlook – Filling the H4 FVG, Trend Not Ready YetPrice is finally working down into the H4 FVG (3377–3396 zone) after rejecting the Daily FVG overhead (~3425–3440). This is the key area of interest going into Tuesday’s trading sessions.
🔑 Context:
Daily FVG above → unfilled liquidity magnet for the future.
H4 FVG below → currently being filled, acting as the main battleground.
Daily Low (3405) already taken; price now sitting between liquidity pools.
ADX < 25 (HTFs) → No strong trending environment yet, so expect more range-like behavior until a side commits.
📌 What I’m Watching:
Reaction inside the H4 FVG → Looking for either absorption/reversal (bullish case) or continuation through to lower liquidity.
Liquidity Levels:
Midpoint of H4 FVG (~3394).
Bottom of H4 FVG (~3377).
Weekly/Monthly Lows (3353 / 3347) if downside momentum extends.
Killzones:
Asian: Likely to set the range.
London: Could raid deeper into FVG.
NY: Potential reaction leg (either reversal or continuation).
📊 Bias: Neutral → short-term bearish into H4 FVG completion. Waiting for a clear reaction to confirm the next trending move.
Gold Weekly Plan: Daily FVG → H4 FVGGold closed last week with a strong impulsive move into a Daily Fair Value Gap (FVG). As we open the new week, I’ll be watching closely:
Daily FVG (3423–3451): Potential resistance and rejection zone early in the week.
H4 Bullish FVG (3390–3395): If price rejects the Daily FVG, I expect a retrace into this zone to set the weekly low between Monday and Tuesday.
From there, we could see a bullish expansion for the rest of the week.
The key question: Will Gold respect the Daily FVG as resistance before rebalancing lower, or will buyers push straight through?
What’s your bias going into the week? 🚀📉
Gold Futures | H4 FVG Fully Filled – What’s Next Into Weekly CloEarlier this week I was watching for price to pull back into the new H4 FVG after we closed above the Daily High. Price rejected from the Asian range mid and dropped cleanly into that zone, ultimately filling the H4 FVG completely.
Now on Friday, price sits right at the Weekly Low (3775.9) and the bottom of that H4 gap. This is a key decision point going into the weekly close.
📌 Scenarios I’m Watching:
✅ Bullish: If price holds this filled H4 FVG / W-L zone, we could see a re-accumulation and a push back toward 3388–3392 rejection block and possibly the Daily High (3394.6) next week.
❌ Bearish: If price fails to hold here, the next liquidity pools below are 3367.4 (D-L) and 3362.5.
📌 Key Levels:
Daily High: 3394.6
Weekly Low: 3775.9
Daily Low: 3367.4
Into Friday close, I’ll be watching whether we get acceptance above this zone (bullish continuation setup) or rejection that opens the door to new weekly lows.
👉 What do you think? Will this area hold as support, or do we see a deeper flush before the week closes?
Gold Technical Outlook Heading Into Powell's Jackson Hole SpeechIt is without a doubt that Jerome Powell's speech at the Jackson Hole symposium is THE event of the week, and possibly the biggest of the month and quarter. That brings the potential for safe-haven flows into gold as we veer towards this key event. I take a look at gold futures market exposure and key levels for gold futures.
Matt Simpson, Market Analyst and City Index and Forex.com
Gold Futures | Watching Pullback into New H4 FVG for ContinuatioPrice pushed bullish after filling ~50% of the prior H4 Fair Value Gap and has now created a new H4 FVG just below. We also closed the day above yesterday’s high (3,394.1), showing strength.
📌 My Bias:
I’m looking for a pullback into the new H4 FVG (around 3,377–3,382) for potential continuation higher. This zone also lines up with the edge of value on the volume profile.
📌 Key Levels:
Daily High (D-H): 3,394.1
Weekly Low (W-L): 3,375.9
Daily Low (D-L): 3,353.3
📌 What I’m Watching:
✅ Acceptance above D-H = bullish continuation.
⚠️ Rejection back below D-H could signal a trap and return into prior value.
Will look for lower timeframe confirmation at the H4 FVG edge before considering longs.
Question for the community:
Do you see continuation higher from here, or are we at risk of a failed breakout?