Gold GC-Mini Market Analysis
The Gold GC-mini finished the month with an inside bar closing near its extreme high. Price broke above the previous 5 week range with confidence. Keep an eye on how much distance there is between the moving average and price while considering the strength of the bars. Buyers may be willing to pay a premium if the bars are mostly strong. However, bulls will be reluctant to pay too high above the average price if the bars are weak. The numerous body gaps in both the monthly and weekly charts highlight eager buyers.
As the S&P and Nasdaq continue to range sideways, gold is behaving divergent in its steady climb targeting all time highs and beyond.
The Monthly Gold chart
- Inside bar closing near its extreme high.
- Bulls want a strong follow through with next month’s bar.
- Significant upwards body gap from the close of last month.
- A confident bull bar forces bears to proceed with extreme caution.
- The past 7 bars have been bullish. 4 of which closed strong near their extreme highs.
- Bears want to defend the area where they sent price tumbling last month.
- The chart is beginning to reclaim its parabolic look.
- The bull bar put in a body that is over 50% of the entire range.
- Price is rapidly reclaiming the previous bar’s wick.
- Only 7 of the past 29 bars have been bearish, dating back to October 2023.
The Weekly Gold chart
- Bull bar closing on its extreme high.
- Bulls want a strong follow through with next week’s bar.
- Always in long.
- 5 body gaps within the past 8 bars. This shows enormous enthusiasm to buy.
- 10 of the past 12 bars have been bullish.
- Last week’s bottom tail gives bulls a higher low in which to move up their stop.
- Bears want to protect the upper range of the wick into all time highs.
- Bulls want a full break even at the all time highs.
- Potential wedge forming on the upside.
- Only 6 of the past 31 bars have been bearish, dating back to August 2025.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
