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 […]

Gold GC-Mini Market Analysis The Gold GC-mini continues to range sideways with several bars overlapping. Sellers managed to post consecutive bear bars, something they have rarely achieved in over 7 months. This indicates increasing selling pressure. Meanwhile the S&P 500 is pushing up to new highs. GC-mini price action is happening on less volume, which […]

Gold GC-Mini Market Analysis TheGold GC-mini has been trading sideways for the past 4 weeks. The bear bar put a damper on the bulls ambitions to get over the 5000 psychological price point this week. There is still a prominent tail beneath the bear bar,  showing the presence of determined bulls trying to prevent another […]

Gold GC-Mini Market Analysis The Gold GC-mini printed a strong weekly bull bar closing near its high. This was the 4 consecutive bull bar, with the past 2 bars closing above the moving average with confidence. The market is always in long according to the weekly chart. The chart is also displaying information that should […]

Gold GC-Mini Market Analysis The weekly Gold GC-mini chart is in a trading range following a climax. While the trend is up, the price action is becoming increasingly two-sided. This week there was bullish follow through. Printing 3 consecutive bull bars puts the market into always in long. Take note of the bull bars gradually […]

Gold GC-Mini Market Analysis The Gold GC-mini monthly bar printed an outside bar which was preceded by an inside bar, creating an inside-outside bar sequence. Traders will keep a close eye on how April’s monthly bar will print because inside-outside-inside bar sequences often lead to breakouts. Please refer to Brook’s encyclopedia Part 9 sections 20-23 […]

Gold GC-Mini Market Analysis This week the Gold GC-mini saw a 474.9 point sell off. Price then bounced sharply off of $4100 closing the week near $4500. This week there was a massive bearish breakout, closing well below the key psychological level of $5,000. The transition from a bull channel to a bear trend is […]

Gold GC-Mini Market Analysis This week the Gold GC-mini ranged to the lows of the initial parabolic correction. Daily bears achieved a rare 8 day losing streak, creating an «always in short» environment. Take note that bulls were able to put significant tails on all of those 8 bear bars. Weekly bears closed with confidence […]

Gold GC-Mini Market Analysis This week the Gold GC-mini has been in a historic bull trend, but recent price action shows a parabolic wedge top followed by a deep retracement. Price continues to spend most of the time in the $5,000–$5,200 area. Price is volatile, creating opportunities for both sides. This week Bears had great […]