Micro Gold Futures
Updated

MCG - Observation & Trade Idea

102
OBSERVATION:
The most recent 4H Candle closed as a spinning top at a high. So, there's a possibility that MCG might experience might a pullback.

TRADE IDEA
[BUYS]: If price B&C ABOVE 4H Candle High Key Level ($4,870.4)
  • TP#1: Daily Resistance Key Level ($4,887.3)
  • TP#2: 4H Key Level ($4,899.4)

[SELLS]: If price B&C BELOW 4H Candle Low Key Level ($4,855.4)
  • TP#1: 15M Key Level ($4,832.9)
  • TP#2: Weekly Key Level ($4,825.7)

...
Disclaimer: I am not a financial advisor. The trade ideas I share are for educational and informational purposes only. Markets carry risk, and you should always do your own analysis before entering any trade. I am not responsible for any losses incurred.
Trade closed: target reached
[SELLS]: If price B&C BELOW 4H Candle Low Key Level ($4,855.4)
TP#1: 15M Key Level ($4,832.9) ✅
TP#2: Weekly Key Level ($4,825.7) ✅

Both Take profits levels were hit🏆

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.