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GC 08-02 Zones

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GC 08-02 Zones — Gold Futures Round-Level Map

This indicator automatically maps out horizontal reaction zones around gold's round-number price levels — the "xx8 to xx2" bands that often act as short-term support/resistance on GC and MGC futures.

How it works

The script rounds the current price to the nearest $10 level and plots a series of shaded zones above and below it, each spanning from the round number +2 to −2 (e.g. a zone around $3350 would run from 3352 down to 3348). These bands are drawn symmetrically around price and automatically re-center as price moves, so you always have a consistent map of nearby round-number levels without manually drawing lines.

Features

  • Adjustable number of zones displayed above/below price (1–50)
  • Customizable zone fill color, border line color, style (solid/dashed/dotted), and width
  • Optional price labels on each zone boundary
  • Adjustable right-side offset and left-extension of lines
  • Built-in warning label if applied to a symbol other than GC/MGC


Why round numbers matter

Round price levels tend to attract order flow — stops, limit orders, and psychological decision points cluster around them. Having these zones pre-mapped can help with spotting potential reaction areas, planning entries/exits, or simply keeping round-number context visible without cluttering the chart with manual drawings.

Usage notes

This tool is designed specifically for gold futures (GC/MGC) given their $10 round-level structure. It is a visual reference only and does not generate buy/sell signals — always combine with your own strategy, market structure analysis, and risk management.

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