GC1! GOLD HUNTERS' TRAP OR BREAKOUT? Multi-Framework Signal at $4,259! Trade Setup Summary BUY Setup (High Confluence): Entry: $4,233 (0.5 Fib + potential Wave 4 retracement) TP1: $4,259 (current high) TP2: $4,300–$4,320 (Wave 3 extension target) SL: $4,174 (below order block and FVG zone)
🧭 Actionable Insights & Psychological Checkpoints Confluence Zones: $4,233 is a golden zone—aligns with Fibonacci, Elliott Wave, and SMC mitigation. Trap Awareness: Avoid impulsive buys above $4,259 without confirmation; wait for retest or volume breakout. Risk Management: Stick to micro lots, max 5% drawdown per loss, and scale only on confirmed Wave 3 continuation. Mindset: Stay patient—let price revisit key zones. Avoid emotional entries at breakout highs.
GC1! WSJ states there’s a ‘cooling problem’ with a data center
“The glitch kept traders of commodities such as crude oil, gold and palm oil in limbo with prices frozen, raising concerns that market volatility would intensify when the systems were brought back up.”
This is absolutely BS and doesn’t make any sense. Stack physical too
Insights: Price swept liquidity below 4,179.8 and tapped into a Fair Value Gap (FVG) zone, aligning with VRVP low-volume node and MA support. RSI bounced near 50 midline, MACD histogram shows bullish crossover potential. Entry sits at the edge of a demand zone with imbalance fill, suggesting a reversal setup.