buyers are being setup for a trap , it seems obvious but dontmy theory for gold sells
*I was initially bullish until
I noticed a few tricky things
* structure number 2 is not
a solid low, meaning they
have not proven themselves
to be stronger than number 1
sellers, because they have not
created a push above them,
so this low is misleading and
not a proper stop
* obv is in a downtrend while
price is in an uptrend, obv
in downtrend means that there
is an increased selling interest ,
so this diverging from price going
up can only mean .... there
are no buyers and price is not going up
due to a huge amount of buying power but the sellers are not pushing too hard in specific areas
* the 3 support lines are not solid support, in fact they are all wicks and 'fake lows'
* I dont have a solid stop to enter a short,
but all these things + divergence on rsi and mfi is just telling me that the obvious
buy trade might be a trap
Gold Futures
GOLD1! trade ideas
Intraday Bearish Narrative – London Session (Gold Futures)Gold opened the London session under clear downside pressure, extending weakness from the prior U.S. session. After a strong rally into the 3619–3620 area, sellers regained control, forming lower highs and pressing price below the descending trendline (red dashed).
During London hours, attempts to recover above 3600–3606 failed, reinforcing the bearish bias. The current setup aligns with a sell-on-rally structure: price has retested the broken trendline and prior support-turned-resistance zone near 3610–3613, where sellers defended strongly.
As long as price holds below 3613, the bearish structure remains intact, with intraday downside targets layered at:
3593.5 (nearest support, minor liquidity pocket)
3569–3566 (London extension target, key demand zone)
3550–3548 (deeper measured move target if momentum accelerates).
Stops are well-placed above 3610–3613, invalidating the setup if buyers reclaim this supply zone.
📉 Bias: Bearish intraday continuation, favoring shorts beneath 3610–3613 with room for multiple downside liquidity sweeps into the mid-3500s.
return to proven sellers presents sell continuation could not post on time due to 10 post per day limit. I entered as per the drawing tool visualization.
1->3 : creates a lower low , number 2 are dominant sellers
3->4: we see a solid buying pressure coming to meet our
sellers who have pushed the market below the previous
attempt to push up at number 1
what next ?
* a break below support / micro bull turn point with stop
above number 2 would look safe
* from number 2->4 I have a 2nd degree bearish divergence
* increasing volitility and sideways movemnet as market
prepares to open and perhaps pick a direction
* vwap 1st standard deviation from number 1
*extreme of peak #2 might align with vwap and vpoc ,
perhaps a sell stop when price reaches there ... which
it might when volume picks up
*despite price going up, staying under
obv trendline showing selling interest
*micro bear pattern wanted
GC/GOLD bull rally setupHigh potential: looking for a 60 SMA support (~3200) in 2 weeks and then continue the bull rally (green path)
Medium potential: looking for a 20 weekly SMA support (~3140) in 1 month and then continue the bull rally (cyan path)
Low potential: directly break out next week (red path), but indicators do not quite support this case, so it may need some "external news"
Gold Holding Asian 50% -- Bulls Gearing up for London Push?Price retraced cleanly to the Asian session 50% midpoint after yesterday’s strong rally. With the London Killzone approaching, I’m watching for bullish confirmation and a potential continuation higher.
Macro backdrop adds fuel:
Markets are pricing a 90% chance of a September Fed rate cut.
JPMorgan now forecasting four cuts starting this month, reinforcing bullish momentum in Gold.
⚠️ Holiday liquidity could create sharp stop-hunts, so confirmation is key. Looking for orderflow strength before stepping in.
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.
Gold Update 26AUG2025: Bullish Confirmation Above $3,534 The gold futures price has made a U-turn as it didn't trigger Triangle's invalidation at $3,300
This bounce back could be a harbinger of wave 3 within the larger degree wave 5
It will be confirmed once upmove breaks above the top of wave 1 beyond $3,534
I erased the complex correction scenario as the price might be taking off right now
I added the breakdown of the upcoming large wave 5 into smaller 5 waves inside
Target range remains intact between $3,900 and $4,300
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