Gold GC-Mini Market Analysis
The Gold GC-mini printed its fourth consecutive bear bar. This month’s bear bar put in a lower high and lower low, however a tail beneath shows buyers defending the moving average. In general, this month’s bar was strong with a body closing well beneath the halfway point of its range. Giving bears follow through from the previous month.
Monthly bulls see a combination of the 50% pullback and the test of the moving average. Monthly bulls are hoping to take advantage of stuck bears getting out after fixing their positions and resuming prices upwards. Bears are hoping to keep price trending downwards in order to get a full break even on their original positions. This measurement is calculated from the most recent bar to close above the moving average after the previous bar closed beneath, occurring in October of 2023.
Bears were able to close a body beneath the neckline pivot from March, which is a significant breakout signal to the downside. Bulls were able to defend the psychological 4000 price point after it was briefly breached.
Weekly bears were able to put in a 2nd leg down. Look for a potential pull back to the moving average to see if bears can then continue with a 3rd leg down. Bulls will want to close consecutive bars above the moving average to end the bear corrective response to the record breaking parabolic bull spike.
Gold GC-mini futures
The Monthly Gold chart
- 4 consecutive bear bars.
- Most consecutive bear bars since 2022.
- Bears testing the moving average.
- Bulls want to see this as a confluence between 50% pullback and support of the moving average.
- Bears want this to be a continuation of the bear trend.
- Lower highs and lower lows.
- Bears able to close a body beneath the neckline pivot from March.
- Bears aiming to reach the triangle apex in the 3500 area.
The Weekly Gold chart
- Bulls want to sustain support at the psychological 4000 point area.
- Bulls want to sustain support at the psychological 4000 point area.
- Significant tail beneath this week’s bar. The body closed above the 50% mark of its range.
- Bear channel on the lower time frames.
- Bears were not able to close a body beneath the tail from 2 weeks ago.
- Bulls want to defend and reinforce the support level created in October 2025.
- Bears want to drive prices down to the upper 3700 area pivot created in April 2025.
- Bears want to sustain a large gap between price and the moving average.
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