MGC1! Mad, that is -4% just today. 4400 should remain the ceiling until rate cuts are announced. Although if we get hung up on China trade talks again, we could likely hit 4400 before then
MGC1! 200 point bearish daily candle. Fundamentals are still mostly bullish so this is more likely just a long overdue technical correction. Likely accumulation for the upcoming rate cut as well, and I think we should get some short term longs over NY.
GC1! If sellers push through 4,255 in the NY morning, we could see a trend-day drift down to 4,205, but keep an eye out for a potential trap-bounce there. The only scenario that changes the dynamics is if we get a clear 15-minute acceptance above 4,353, which could trigger a squeeze up to 4,374–4,385.
XAUUSD1!GOLD1! ! Idea: Gold long positions are ready … After entering the long position area mentioned in the opinion, the gold price started to rebound. The current price is running around 4350. It is expected to attack the high point next. The low-long idea can continue to refer to this area!