*GC Wednesday 4/15 – Overnight 4/16 session about to open*Gold Futures (Jun 2026)COMEX:GCM2026EthicalxTrader**GC — Gold Futures (Jun 2026)** **Daily Chart Breakdown** *Wednesday 4/15 – Overnight 4/16 session about to open* --- ### 🔍 Key Observations • GC is currently trading around **4,823.6**, continuing to hold the **bullish reversal structure** extremely well. • The inverse head-and-shoulders style reversal that formed off the **4,128.5 low** continues to play out as expected. • Price has now spent several sessions consolidating above the neckline breakout zone, which is exactly what we want to see after a strong reversal. • The most important takeaway here is that GC is **holding above 4,774.4 and remaining above the breakout structure**, which keeps the bullish continuation thesis intact. • Price is now pressing directly under the **4,908.7 resistance zone**, making this the key decision area into the overnight session. --- ### 📊 Key Levels to Watch **Immediate Resistance** • **4,908.7** → key breakout / prior supply • **5,065.0** → major upside target • **5,265.0** → extended target • **5,380.7** → major higher timeframe resistance **Support Below** • **4,774.4** → immediate support • **4,734.1** → neckline support • **4,645.4 – 4,629.5** → key demand zone • **4,548.1** → stronger support • **4,400.0** → must-hold support --- ### ✅ Trading Plan #### Bullish Scenario Trigger: Hold above **4,774** and break **4,908** Targets: • PT1: **5,065.0** • PT2: **5,265.0** • PT3: **5,380.7** Stop Loss: • **Below 4,734.1** --- #### Bearish Scenario Trigger: Reject **4,908** and lose **4,774** Targets: • PT1: **4,734.1** • PT2: **4,645.4** • PT3: **4,548.1** Stop Loss: • **Above 4,908.7** --- ### 📈 Volume & Trend Notes • Volume remains elevated compared with the prior trend base, which supports the reversal move. • The recent candles show **healthy consolidation rather than aggressive rejection**, which is constructive. • This kind of pause under resistance often leads to a continuation breakout if buyers maintain control. --- ### 🧠 Summary GC remains **bullish into the 4/16 overnight session**. The reversal structure continues to hold and price is now consolidating just beneath a major breakout zone. As long as **4,734–4,774** holds, the higher probability move remains continuation toward: **4,908 → 5,065 → 5,265**.