MGC1! Strong resistance at this price point 4151
Gold Guinea Futures
Community discussions
MGC1! Strong resistance at this price point 4151
GC1! Breakout @ 4,190?
GC1! Mate, me available Asia evening. Nothing to worry about this pair.
GC1! huge wall at 4100, need volume
GOLD1! Scenario A: Buying (Long Position)
Best Entry: Wait for the price to dip down to Support 1 (122,200 / 4,030).
Confirmation: Look for a green candle or a long wick at the bottom (rejection of lower prices) before entering.
Alternative Entry (Breakout): If price breaks cleanly above 123,600 / 4,085 with strong volume.
Stop Loss (SL): Just below the support zone (e.g., 121,900 / 4,015).
Target (Exit): First target is Resistance 1 (~123,500), second target is Resistance 2 (~124,200).
Scenario B: Selling (Short Position)
Best Entry: Wait for the price to rise to Resistance 1 (123,400 - 123,600 / 4,080).
Confirmation: Look for a red candle, a "shooting star" pattern, or the Stochastic indicator turning down from the top (80+ level).
Alternative Entry (Breakdown): If price breaks cleanly below Support 1 (122,200 / 4,030).
Stop Loss (SL): Just above the resistance zone (e.g., 123,900 / 4,100).
Target (Exit): First target is Support 1 (~122,200), second target is Support 2 (~121,200).
MGC1! New tool
Sideways last week
Bear, break 4020
Bull, break 4120
MGC1! Stuck in between the zone
If not retracing deeper than the "hold" zone, then higher.
Start going below, lower.
GCZ2025 gold to reach 3,973?maybe from 4,080?
GC1! relatively newer to the commodity market. Why is the price action of this different than 1OZ!?MGC1! Still eyeballing 4000
