Micro Gold Futures

Gold Futures (MGC / GC) — Daily Outlook (Wed)

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Price just broke the previous ATH (3,578) and is in new price discovery. Momentum is bullish, but there are key imbalances below that could attract price before continuation.

🔍 Key Levels

ATH (3,578) → breakout level to watch

1H FVG (3,565–3,575) → short-term support zone

4H + 8H FVG stack (3,515–3,535) → deeper liquidity target

Immediate resistance → 3,610–3,620 zone

⚖️ Scenarios for Wednesday

1️⃣ Bullish Continuation (primary bias)

If ATH (3,578) holds → look for continuation into 3,610–3,620+

1H FVG may provide a bounce if tested

2️⃣ Deeper Pullback (secondary bias)

Failure to hold ATH → watch for a drop into 3,515–3,535 (4H/8H FVGs) before bullish continuation

✅ Trade Plan Idea

Continuation play:
Buy on ATH retest / 1H FVG bounce (3,575 zone) → target 3,610–3,620+

Deeper retrace play:
If ATH breaks clean → wait for price inside 3,515–3,535 zone → look for reversal confirmation long

📌 Notes

Momentum = bullish until proven otherwise

Don’t chase → wait for either ATH defense or clean retrace into imbalances

Manage risk → this is price discovery, expect volatility

📊 What’s your bias here? Do you see price holding ATH for continuation, or do you think we dip first into the deeper FVGs?

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