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Shanghai Gold (CNH) Futures

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SGC1! trade ideas

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.
COMEX:GC1!Long
by amir.etasi
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
COMEX:GC1!
by Wavervanir_International_LLC
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.
MCX:GOLD1!Short
by FiveCircles
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
COMEX_MINI:MGC1!Short
by jacesabr_real
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.
COMEX_MINI:MGC1!
by DWoodz
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? 🚀📉
COMEX_MINI:MGC1!Long
by DWoodz
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?
COMEX_MINI:MGC1!Long
by DWoodz
golds highly volitile return to solid sellers presents a = SELL1->2: a volitile move upward 2->5: followed by an expected controlled(ish) downward move 5: buyers entering due to a view of price being cheap, a lack of structure signals this might not last too long, too much energy expension without rest what do I think will happen? * with this kind of volitility it's hard to say * looking at logic we would like to enter ... around the high of 4, expecting the sellers from 2 to be stronger, as they previously were able to push down sellers from 1 that had a seemingly similar buy strength * hidden divergence RSI and MFI * oversold rsi and mfi * we have reached the target according to zone trading, next target would be at the high of 2 , im not sure that's realistic, given the information we have so far * we have a 64% success rate of reaching the next low according to the indicator over the past 2,500 bars * number 4 is more risky as a stop, but it is still a solid stop
COMEX_MINI:MGC1!Short
by jacesabr_real
we are potentially at a support turned resistance for a = SELL1: push buyers up from support 3: push buyers up less strongly from support 4 : volitile and strong push through support * this means the former buyers there are replaced, by sellers convinced this is a cheap buy * what do I think will happen ? * the question is , how convinced are the sellers from #4 , where the solid minor stop sellers are , as this is the current minor 'boss' on this chart, the major ' boss' being the sellers at 2 * alongside oversold on rsi and MFI , we have 4 candles which wicked a minor demand zone but did not close above it * we also have hidden divergence on the MFI and RSI adding to a sell confluence. * in my opinion its enough to get us to a 1:1, maybe breakeven and go for a larger target * according to chaos theory indicator zones, over the past 2,500 candles, when price closes below a zone, it has a 66% chance of reaching the next zone below, a low below the current candle then prsents a good entry, with a target at the zone below and a good breakeven point when price enters the second travel zone below ( 66% chance we will travel from a orange zone to the next ) * another interesting detail is that when we add horizontal resistance lines from the peak of the rsi and mfi, it co-incides with price peaks, and predicts the next downturn to be here as well.
COMEX_MINI:MGC1!Short
by jacesabr_real
Gold Futures | H4 FVG Test as Asian Session OpensGold Futures completely filled the Daily FVG, so I’ve removed it and adjusted the chart to focus on the H4 FVG zone. Price is now pressing deeper inside this imbalance, with 3350 as the key level to watch: Hold above → potential accumulation and rotation higher. Break below → sweep into 3348 liquidity and possibly lower. Asian session may provide the first reaction, but I’ll be watching closely for London to confirm whether we hold or break this zone.
COMEX_MINI:MGC1!Long
by DWoodz
20
MGC (Micro Gold Futures) Trade Setup – 12H TimeframeOn the 12-hour timeframe, MGC has returned to the upper boundary of the horizontal range established since April 14, 2025. A surge in positive volume on August 7 was preceded by a sharp uptick beginning August 6, followed today by noticeably shallower volume—suggesting volume exhaustion and a potential pause or retracement. Given today is Friday, profit-taking pressure may materialize following the rapid ascent that began with the breakout above the intermediate 3,400–3,440 zone on August 6. With no major macroeconomic events scheduled that could fuel further upside momentum, a pullback becomes a plausible scenario. Illustrative Setup: A Sell Limit entry is considered around the 3,500 mark, with a Stop Loss at 3,550—matching the April 25 all-time high—and a Take Profit at 3,360, which aligns with intermediate support within the larger range. This setup offers a risk-reward ratio of approximately 2.8:1, assuming price reacts to overhead resistance and reverts toward the range’s mid-zone. This analysis is provided solely for educational and entertainment purposes and does not constitute any form of financial or investment advice. Always manage your risk and trade responsibly.
COMEX_MINI:MGC1!Short
by The_Smart_Tiger
3
Gold is testing key levels – setup indicates a favorable buying.Here are 2 charts of Gold on the Daily Timeframe. GOLD1! is approaching its support zone, with key levels at ₹98,200 and ₹98,800. The Monthly Pivot at ₹98,375 also aligns with this zone, indicating a strong support area. Fibonacci Golden Ratio is also indicating key support levels around ₹99,200 and ₹98,200, which may act as strong demand zones. If respected, these levels could trigger a fresh upside move. Thank You !!
MCX:GOLD1!Long
by FiveCircles
GC Local Breakout to Top of Daily Range ✅ Pre-Trade Checklist Session context: Range Bound Daily Bias: I'm still holding on to a long bias, but we are definitely in a daily downtrend Key levels: 3370 at bottom of range, 3400 at top of range CVD and delta structure: Strong positive CVD approaching the breakout level Entry, SL, and TP are at reasonable levels on the order book Calculated Risk: 5 MGC for $150 risk 📊 Trend Follow (Order Book Focus) Clear directional move established (impulse leg breaking structure) Pullback to value area / trendline / support-resistance level Order book shows a clear liquidity target in the direction of the move. CVD aligned with trend Pullback shows **lower volume + weaker delta** vs. impulse leg No absorption blocking continuation at the level Entry at level of support on order book 🎯 Trade Execution Entry: 3389.9 Stop: 3380.9 Target(s): 3395.9 R:R: 4:1 📓 Post-Trade Notes Outcome: TBD Plan followed? No If not, what rule was broken? I don't usually trade local breakouts, so this trade is not really in plan for me. Lessons learned:
COMEX:GC1!Long
by SkyIsCalling
Gold Futures | Accumulation in Play – Watching for Manipulation Gold Futures are currently sitting in the Accumulation phase of an AMD sequence. Price is ranging just above the Daily/H4 FVG demand zone (3350–3360) after rejecting supply at 3387–3394. Here’s what I’m watching: Accumulation: Current consolidation between 3368–3387. Manipulation: A clean sweep of yesterday’s low (3368) would complete this phase. Distribution: If manipulation plays out, I’ll look for price to rotate higher, targeting 3387 → 3404 and potentially higher levels. ⚖️ Bias: Waiting for liquidity run before positioning long. No need to rush — the sweep is the confirmation. Until then, patient observation.
COMEX_MINI:MGC1!Long
by DWoodz