Bears are hoping this is a 50% pullback set up to give them a more probable entrance to begin another leg down. Daily bulls are hoping they have broken out of the bear channel for a 2nd leg up. Weekly bulls are hoping that the 2 bear bars prior to this week\u2019s bull bar is a common 2 bar pullback. Bears are doing a good job keeping price beneath the psychological 5000 mark.
A significant boost for the bulls would occur if they close a body over the neckline of 4914.\u00a0 Bears would need to close a body beneath 4510.2 to create a lower low to suit their immediate needs. The major structural low is at 4132.1
Overall we continue in a post parabolic correction range. The market is potentially tightening into a triangle pattern coiling around the moving average.<\/p>\n\n\n\n
The Weekly<\/em> Gold chart<\/h3>\n\n\n\n![\"Gold](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Gold-GC-mini-Weekly-Price-Remains-Near-the-Moving-Average-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Potential 2 bear bar pullback.<\/li>\n\n\n\n
- This week’s bar is outside up.<\/li>\n\n\n\n
- 3 of the past 5 bars have been either inside or outside bars.<\/li>\n\n\n\n
- Tails form a double bottom and a potential 2nd entry for the bulls.<\/li>\n\n\n\n
- Price tested the bear bar from the first week of January.<\/li>\n\n\n\n
- Bulls are able to close a body 50% of the last bear leg.<\/li>\n\n\n\n
- The upper tail is large enough to be relevant.<\/li>\n\n\n\n
- Bull bar body closed just above moving average. Ranging price wanted to return to the moving average.<\/li>\n\n\n\n
- Potentially price will continue to chop the moving average sideways.<\/li>\n\n\n\n
- Potential triangle pattern forming.<\/li>\n\n\n\n
- Bears and Bulls want to use the moving average as an entry opportunity.
<\/li>\n<\/ul>\n\n\n\nThe Daily<\/em> Gold chart<\/h3>\n\n\n\n![\"Gold](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/05\/Gold-GC-mini-Daily-Bulls-dominate-the-Week-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- 4 of 5 bars were bullish this week. <\/li>\n\n\n\n
- The past 4 bars in a row were bullish.<\/li>\n\n\n\n
- Tails on top of all the bars showing the presence of bears determined to keep the market ranging. <\/li>\n\n\n\n
- Past 3 bars closed above the moving average.<\/li>\n\n\n\n
- Since mid march price ranging beneath the 20MA and above the 200MA.<\/li>\n\n\n\n
- Bears want to create this most recent push as a bull flag breakout, looking to follow through for a 2nd leg up. <\/li>\n\n\n\n
- Bulls closed the bar above the 50% mark of the bear leg down.<\/li>\n\n\n\n
- Bears are looking for a 50% pull back set up. <\/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
- Potential 2 bear bar pullback.<\/li>\n\n\n\n
- This week’s bar is outside up.<\/li>\n\n\n\n
- 3 of the past 5 bars have been either inside or outside bars.<\/li>\n\n\n\n
- Tails form a double bottom and a potential 2nd entry for the bulls.<\/li>\n\n\n\n
- Price tested the bear bar from the first week of January.<\/li>\n\n\n\n
- Bulls are able to close a body 50% of the last bear leg.<\/li>\n\n\n\n
- The upper tail is large enough to be relevant.<\/li>\n\n\n\n
- Bull bar body closed just above moving average. Ranging price wanted to return to the moving average.<\/li>\n\n\n\n
- Potentially price will continue to chop the moving average sideways.<\/li>\n\n\n\n
- Potential triangle pattern forming.<\/li>\n\n\n\n
- Bears and Bulls want to use the moving average as an entry opportunity.
<\/li>\n<\/ul>\n\n\n\nThe Daily<\/em> Gold chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- 4 of 5 bars were bullish this week. <\/li>\n\n\n\n
- The past 4 bars in a row were bullish.<\/li>\n\n\n\n
- Tails on top of all the bars showing the presence of bears determined to keep the market ranging. <\/li>\n\n\n\n
- Past 3 bars closed above the moving average.<\/li>\n\n\n\n
- Since mid march price ranging beneath the 20MA and above the 200MA.<\/li>\n\n\n\n
- Bears want to create this most recent push as a bull flag breakout, looking to follow through for a 2nd leg up. <\/li>\n\n\n\n
- Bulls closed the bar above the 50% mark of the bear leg down.<\/li>\n\n\n\n
- Bears are looking for a 50% pull back set up. <\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n