Gold GC-Mini Market Analysis
The Gold GC-mini chart is in a persistent bull trend, having spent the last 25 months climbing over 100%. Currently, the market is trading at new all-time highs, reaching above $4,600 before closing on Friday at $4595.
The last few weeks have shown immense, sustained buying momentum. Even after a 4%+ drop in the final week of 2025, the market recovered instantly, showing that bulls are buying every dip.
The Weekly Gold chart
- Bulls were able to fully recover by closing a bar above the big bear bar from 2 weeks prior.
- Strong follow through above last week’s bull bar is good for the bulls.
- A body gap to the upside between the close of last week’s bar and this week’s open. These types of buy the close gaps are a sign that bulls are eager to buy.
- A sizable wick above this week’s bar which is not ideal for bulls, likely profit taking and/or the presence of selling from above. Potentially signaling sideways price action.
- In this strong trend, savvy bulls are looking for buy setups (High 1, High 2) on pullbacks rather than trying to pick a top.
- Bears want to sell above in order to keep the market moving sideways and eventually break the market structure below.
- Until bears print a lower low, the bulls remain in control.
- With 5 of the past 6 bars being bullish, along with 2 most recent being consecutive bull bars, the weekly chart remains always in long.
The Daily Gold chart
- Trading range sideways to up with overlapping bars.
- The past 5 daily bars had 3 weak bear bars and 2 strong bull bars.
- Significant tails beneath Thursday and Friday’s bear bars reveal that bulls are buying pull backs.
- Cup and Handle pattern.
- Wednesday hit the all time high.
- Prices nearly hit the $4700 area which has been a measured move discussed in previous blog posts.
- Micro Head and Shoulders pattern with Wednesday being the head.
- Bulls want to maintain space between price and the moving average. However, bulls will become more hesitant to pay prices far above the moving average if the bars are not strongly bullish.
- Bears want to continue pushing prices lower to the bear doji bar that printed on 1/8/26. Doji’s often act as a magnet. As well, to close a bear bar beneath the 1/8/26 bar would mean a change of structure with a lower low. A lower low is critical to disrupting the bull trend.
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