MGC Tokyo Fade: If It Rejects, It DiesMicro Gold FuturesCOMEX_MINI:MGC1!stakkdThis one was a request from someone asking for a breakdown of MGC heading into the Tokyo session so here’s the full quant review. After Friday’s clean liquidation, gold found temporary footing around 3330. But the bounce is stalling under VWAP (3344) and Friday’s POC both stacking resistance like a ceiling of bricks. EMAs are fanned and directional, suggesting sellers still control the structure. VWAP + POC = kill zone for a potential Tokyo fade. Quant Review: - Friday Session POC: 3341.9 — currently acting as resistance - VWAP (Session): 3344.6 — unclaimed on the bounce - 9 & 21 EMAs: Bearishly stacked, aligned with VWAP - Volume Profile: Value area is lower; price is rejecting acceptance higher - Microstructure: Weak bounce into resistance without reclaim of structure Trade Plan (Short Bias): - Entry Zone: 3340–3344 (VWAP/POC cluster) - Trigger: Bearish engulfing or LTF rejection off VWAP shelf - TP1: 3332 (prior low) - TP2: 3322 (thin node sweep) - TP3: 3305 (session low extension) - Stop Loss: Above 3346 (structure + shelf break) - R:R: 1.5–5 depending on scaling - Probability of rejection and drop to 3332: 65% - Probability of full leg to 3322–3305: 30% - Risk of breakout above VWAP: 5% If I’m Wrong The Sunday open is always a wildcard sometimes you get pure trend continuation, other times it’s total chop or liquidity grabs before the real move unfolds in London. If price cleanly reclaims 3346, closes above with strength, and holds the short idea is off. At that point, I’d expect a sweep toward 3355–3360, potentially tagging the high-volume node from mid-Friday. In that case: Flip bias to bullish retrace into early London. Bonus: If you ever want a quant-style breakdown or session analysis like this just reach out. We break it down with structure, stats, and setups.