GC1! QUICK PATHS TO WATCH • Bull path: Hold 4,210/4,202 into COMEX → acceptance > 4,236 → tag 4,261; momentum can extend toward 4,300. • Bear path: Pop-and-fail at 4,236 → loss of 4,210 → probe 4,202; if it gives, 4,171 becomes active.
MGC1! Trump is threatening trade again (yesterday and a couple of days prior to that as well), and Powell expressed concerns over the jobs data recently too. So it seems like the fundamentals are very much continuing to fuel gold. Right now it looks more like it isn't about when there will be a correction (200-300pts), but more so if there will be one at all. At least from my read on the fundamentals
MGC1! It's only Tuesday and we're already up almost 5% just for extra context. We were up over 3% just yesterday, and DXY is almost back to 100 as well. Either we are way over priced, or there's something big happening behind the scenes.
MGC1! I noticed the same bearish put spreads that another person here did. Both on the futures and the main ETF tracking it. The only issue is that those spreads expired yesterday and GC hasn't blinked tbh. I'm still going to keep an eye out for potential downside movement this week, these were pretty big put spreads. Either the more is happening this week (most likely over an NY session) or some institution will be losing a lot of money