GC1! – The Wedge Strikes Back 🚀
Gold futures (GC1!) just gave us a textbook rollover move. As the front-month rolled, price faked a wedge breakdown, only to rip back inside the structure once rollover completed. That failed breakout speaks volumes – and now the wedge is back in control.
Rollover Trap → Back Inside the Wedge
Rollover volatility flushed price below the wedge, pulling in shorts… but the move didn’t stick. Buyers stepped up and snapped price back inside, turning the wedge’s lower boundary into rock-solid support once again.
The Long Game 🎯
With GC1! holding the wedge:
Volume Profile also shows heavy accumulation in the 3,336–3,380 zone – crack through 3,380, and we could see momentum accelerate quickly.
Bottom Line
This isn’t just another bounce – it’s a failed breakdown on rollover. Wedge traders are back in the driver’s seat, and the setup offers a crystal-clear invalidation point with serious upside potential.
Gold futures (GC1!) just gave us a textbook rollover move. As the front-month rolled, price faked a wedge breakdown, only to rip back inside the structure once rollover completed. That failed breakout speaks volumes – and now the wedge is back in control.
Rollover Trap → Back Inside the Wedge
Rollover volatility flushed price below the wedge, pulling in shorts… but the move didn’t stick. Buyers stepped up and snapped price back inside, turning the wedge’s lower boundary into rock-solid support once again.
The Long Game 🎯
With GC1! holding the wedge:
- Longs off wedge support are the play
- Resistance: 3,380
- Target: 3,446 (upper wedge boundary)
- Stop-loss: 3,336 (below support)
- Risk/Reward: 🔥 10.69 RRR
Volume Profile also shows heavy accumulation in the 3,336–3,380 zone – crack through 3,380, and we could see momentum accelerate quickly.
Bottom Line
This isn’t just another bounce – it’s a failed breakdown on rollover. Wedge traders are back in the driver’s seat, and the setup offers a crystal-clear invalidation point with serious upside potential.
トレード稼働中
This is active. I don't think it's coming back for the entry I posted this with at 3343. Good luck.トレード終了: ストップロスに到達
I'm looking for another entry after the gap closes.
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🚀 Founder of SciQua | Strategy. Simulation. Signals.
TradingView indicators, backtesting tools, weekly contests, and live market analysis.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。