<\/p>\n\n\n\n
The Weekly<\/em> Gold chart<\/h2>\n\n\n\n![\"Gold](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/Gold-GC-mini-Weekly-The-Heart-Of-The-Trading-Range-1-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Near-vertical rise over the past few weeks.<\/li>\n\n\n\n
- The push up to all time highs created a parabolic wedge.<\/li>\n\n\n\n
- Trends this steep are usually unsustainable.<\/li>\n\n\n\n
- The tail on this week\u2019s bar was the closest price was to the 20 moving average in almost 2 years. <\/li>\n\n\n\n
- Bulls bought up the near MA area, sending price to the middle of the range. Revealing bulls eager for a deep discounts. <\/li>\n\n\n\n
- Body to tail ratio is used to monitor the strength of a bar. Even though the past 2 weeks had enormous range, these bars are more tail than body.<\/li>\n\n\n\n
- Likely strong two-way action rather than a straight-line continuation.<\/li>\n\n\n\n
- Bulls will try to hold pullbacks to keep the uptrend alive.<\/li>\n\n\n\n
- Bears will aim to trap buyers into a significant correction.<\/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\/2026\/02\/Gold-GC-mini-Daily-Shift-From-Trend-To-Trading-Range-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- No Bars closing above the 50% of the record breaking range.<\/li>\n\n\n\n
- 5 of the past 7 bars are bearish.<\/li>\n\n\n\n
- Bear bars have significant tails beneath. Revealing the presence and attitude of eager buyers.<\/li>\n\n\n\n
- Bulls want to close a bar above the 50% of the range. This would be a strong buy signal towards reclaiming all time highs.<\/li>\n\n\n\n
- Potential bear flag.<\/li>\n\n\n\n
- Monday was the 2nd consecutive bar to close beneath the 20 MA.<\/li>\n\n\n\n
- Friday\u2019s bull bar was the strongest bar of the week, closing near its extreme.<\/li>\n\n\n\n
- Bulls want a follow through to Friday’s bull bar which closed on near its extreme.<\/li>\n\n\n\n
- Bears want to defend the upper half of the range creating a lower high while sending price down to create a lower low. <\/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
- Near-vertical rise over the past few weeks.<\/li>\n\n\n\n
- The push up to all time highs created a parabolic wedge.<\/li>\n\n\n\n
- Trends this steep are usually unsustainable.<\/li>\n\n\n\n
- The tail on this week\u2019s bar was the closest price was to the 20 moving average in almost 2 years. <\/li>\n\n\n\n
- Bulls bought up the near MA area, sending price to the middle of the range. Revealing bulls eager for a deep discounts. <\/li>\n\n\n\n
- Body to tail ratio is used to monitor the strength of a bar. Even though the past 2 weeks had enormous range, these bars are more tail than body.<\/li>\n\n\n\n
- Likely strong two-way action rather than a straight-line continuation.<\/li>\n\n\n\n
- Bulls will try to hold pullbacks to keep the uptrend alive.<\/li>\n\n\n\n
- Bears will aim to trap buyers into a significant correction.<\/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
- No Bars closing above the 50% of the record breaking range.<\/li>\n\n\n\n
- 5 of the past 7 bars are bearish.<\/li>\n\n\n\n
- Bear bars have significant tails beneath. Revealing the presence and attitude of eager buyers.<\/li>\n\n\n\n
- Bulls want to close a bar above the 50% of the range. This would be a strong buy signal towards reclaiming all time highs.<\/li>\n\n\n\n
- Potential bear flag.<\/li>\n\n\n\n
- Monday was the 2nd consecutive bar to close beneath the 20 MA.<\/li>\n\n\n\n
- Friday\u2019s bull bar was the strongest bar of the week, closing near its extreme.<\/li>\n\n\n\n
- Bulls want a follow through to Friday’s bull bar which closed on near its extreme.<\/li>\n\n\n\n
- Bears want to defend the upper half of the range creating a lower high while sending price down to create a lower low. <\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n