The Weekly<\/em> Gold chart<\/h3>\n\n\n\n![\"Gold](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/12\/Gold-GC_Mini-Weekly-Chart-Consolidation-Parabolic-Breakout-Then-Triangle-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week’s bar is a bear doji. Providing poor follow though after last weeks strong bull bar. The lack of a buy signal creates cautious and reluctant bulls.<\/li>\n\n\n\n
- The weekly chart is currently forming a triangle pattern.<\/li>\n\n\n\n
- Price has been ranging sideways for 8 weeks. <\/li>\n\n\n\n
- Price twice tested resistance at the round number of 4300.<\/li>\n\n\n\n
- The all time high would be the next level of resistance at 4400.<\/li>\n\n\n\n
- August was the last time price had touched the 20MA. Triggering a parabolic ascent consisting of 9 consecutive weekly bull bars. Price had been consolidating for 20 weeks prior to the August breakout. <\/li>\n\n\n\n
- Bulls want to run the price as close to, or above the highs as possible, in order to have the yearly bar close strong with a minimal upper tail.<\/li>\n\n\n\n
- Bears are hoping for a 50% pullback on the first significant leg down. Attempting to add another similar leg while correcting down to the MA. <\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> Gold chart<\/h3>\n\n\n\n![\"Gold](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/12\/Gold-GC-Mini-Daily-Chart-Struggle-to-Break-Resistance-Forming-a-Triangle-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Like the weekly chart, the daily chart is also forming a tightening triangle pattern. This is a breakout pattern. A breakout to either side becoming more likely as price continues to tighten.<\/li>\n\n\n\n
- Friday’s bar was a failed breakout of the triangle.<\/li>\n\n\n\n
- There are large bottom tails pushing away from the moving average on Tuesday and Thursday’s bars.<\/li>\n\n\n\n
- Monday, Wednesday and Friday show large top tails pushing away from resistance level 4300.<\/li>\n\n\n\n
- Every daily bar this week are showing significant tails.<\/li>\n\n\n\n
- Price has been coiling around the moving average for past 32 sessions. <\/li>\n\n\n\n
- Price is testing, though unable to close above, the 50% of the giant surprise bear bar that occurred on October 21st. If the daily chart remains unable to close a bar above that 50% mark of 4378.8, it is likely to reverse down for another leg. Closing above would signal that price is ready to continue upwards.<\/li>\n\n\n\n
- Bulls are looking for a cup and handle breakout.<\/li>\n\n\n\n
- Bears want a 3rd leg down.<\/li>\n\n\n\n
- The daily gold chart is more prone to market volatility. Short term pullbacks occur alongside other speculative assets such as Bitcoin and tech stocks. <\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week’s bar is a bear doji. Providing poor follow though after last weeks strong bull bar. The lack of a buy signal creates cautious and reluctant bulls.<\/li>\n\n\n\n
- The weekly chart is currently forming a triangle pattern.<\/li>\n\n\n\n
- Price has been ranging sideways for 8 weeks. <\/li>\n\n\n\n
- Price twice tested resistance at the round number of 4300.<\/li>\n\n\n\n
- The all time high would be the next level of resistance at 4400.<\/li>\n\n\n\n
- August was the last time price had touched the 20MA. Triggering a parabolic ascent consisting of 9 consecutive weekly bull bars. Price had been consolidating for 20 weeks prior to the August breakout. <\/li>\n\n\n\n
- Bulls want to run the price as close to, or above the highs as possible, in order to have the yearly bar close strong with a minimal upper tail.<\/li>\n\n\n\n
- Bears are hoping for a 50% pullback on the first significant leg down. Attempting to add another similar leg while correcting down to the MA. <\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> Gold chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- Like the weekly chart, the daily chart is also forming a tightening triangle pattern. This is a breakout pattern. A breakout to either side becoming more likely as price continues to tighten.<\/li>\n\n\n\n
- Friday’s bar was a failed breakout of the triangle.<\/li>\n\n\n\n
- There are large bottom tails pushing away from the moving average on Tuesday and Thursday’s bars.<\/li>\n\n\n\n
- Monday, Wednesday and Friday show large top tails pushing away from resistance level 4300.<\/li>\n\n\n\n
- Every daily bar this week are showing significant tails.<\/li>\n\n\n\n
- Price has been coiling around the moving average for past 32 sessions. <\/li>\n\n\n\n
- Price is testing, though unable to close above, the 50% of the giant surprise bear bar that occurred on October 21st. If the daily chart remains unable to close a bar above that 50% mark of 4378.8, it is likely to reverse down for another leg. Closing above would signal that price is ready to continue upwards.<\/li>\n\n\n\n
- Bulls are looking for a cup and handle breakout.<\/li>\n\n\n\n
- Bears want a 3rd leg down.<\/li>\n\n\n\n
- The daily gold chart is more prone to market volatility. Short term pullbacks occur alongside other speculative assets such as Bitcoin and tech stocks. <\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n