Gold GC-Mini Market Analysis The Gold GC-mini continues to tighten and build triangular breakout pressure. It is possible that daily bulls have already broken out of the prior triangle and now are retesting that breakout. Many traders will not buy the initial break out rather to wait for the 2nd entry retest. On the daily […]

Gold GC-Mini Market Analysis The Gold GC-mini daily bears have put tails beneath the psychological 4000 mark 5 times in the past 8 sessions. While this repeated attempt is significant, take note that bears have been unable to close a body beneath the 4000 mark. Bulls are attempting to draw a line in the sand.  […]

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 […]

Gold GC-Mini Market Analysis The Gold GC-mini weekly bears printed a strong bar closing on its low; however the body does not close beneath the neckline of the most recent pivot. Bears want to drop prices beneath that pivot and then below the psychological 4000 mark. The bulls are trying to form a double bottom, […]

Gold GC-Mini Market Analysis The Gold GC-mini has been firmly in bear control since the beginning of March. The bulls have been putting up a fight for most of this time, however bulls bail out once they are able to drive prices up enough to perhaps fix their stuck positions. For the most part, bull […]

Gold GC-Mini Market Analysis The Gold GC-mini was no longer divergent with the S&P 500 and Nasdaq markets this week, with all 3 markets putting in strong bear bars. Gold is steadily moving further away from the psychological 5000 mark. This means that the path of least resistance is down, and the probability of making […]

Gold GC-Mini Market Analysis The Gold GC-mini monthly chart posted its third consecutive bear bar, throwing the market into always-in-short. However, the past 2 bear bars are weak doji bars. Doji bars are trading range bars which can be clearly viewed on lower time frame charts. We have not seen 3 consecutive monthly bear bars […]

Gold GC-Mini Market Analysis The Gold GC-mini has been gradually weakening for the past 4 months, despite strong pushes by bulls. The weekly chart shows follow through for the bears though unable to break out to the downside, with a large tail beneath. The weekly bar is a bear doji bar which is a trading […]

Gold GC-Mini Market Analysis The Gold GC-mini continued in a sideways trading range market. The market printed a sharp weekly reversal bar, pulling back from its all-time highs and sliding down into the 4500 area. Whenever we see a market transition from a massive breakout to a deep pullback it forces the question: is this […]

Gold GC-Mini Market Analysis The Gold GC-mini continues to exhibit strong bullish momentum, but the context is evolving. The daily chart is currently always in long following four consecutive bull bars. Bulls were also able to close both the weekly bar and the past 3 daily bars above their respective moving averages. Both the bears […]