Weekly bears are targeting a measured move down to 3967.5\u00a0 using a 50% pullback set up that has so far been playing out.\u00a0This set up was detailed in last week’s blog post. <\/p>\n\n\n\n
The daily bears were able to turn the bull push from the end of last week into a top of a bear channel 50% pullback sell opportunity. As a way to train your eyes, print out the gold daily chart from the beginning of 2026 and try to find as many of these 50% pullback set ups as possible. There are many.
Bulls are hoping to buy from what can be considered the bottom of a bear channel. Bulls are also looking left for areas that would provide support and double bottoms. Bears want to maintain a large gap between price and the moving average.\u00a0<\/p>\n\n\n\n
The Weekly<\/em> Gold chart<\/h3>\n\n\n\n![\"Gold](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/Gold-GC-mini-Weekly-Bears-Capitalize-on-a-50-Pull-Back-Set-Up-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Large bear bar closing on its low.<\/li>\n\n\n\n
- Potentially at the low of a bear channel.<\/li>\n\n\n\n
- Closed a body beneath the bottom tail of last week\u2019s bar.\u00a0<\/li>\n\n\n\n
- Closed a body beneath the bear bar from the week of January 2nd.\u00a0<\/li>\n\n\n\n
- Bears eyeing to close a body beneath neckline 4164.9 of the parabolic correction.<\/li>\n\n\n\n
- Bulls want to keep price in a trading range in order to prevent a bear run.\u00a0<\/li>\n\n\n\n
- Bears want to follow through with next week\u2019s bar.\u00a0<\/li>\n\n\n\n
- Bears want to keep a large gap between price and the moving average.\u00a0<\/li>\n\n\n\n
- Bulls want to create a double bottom with the bar from the week of March 13.<\/li>\n\n\n\n
- Bears close 4 bars in a row under the moving average.\u00a0<\/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\/06\/Gold-GC-mini-Daily-Bears-Control-the-Market-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Bears close a body beneath the previous neckline of May 28th.\u00a0<\/li>\n\n\n\n
- Strong bear bar closing on its low, a strong sell signal.\u00a0<\/li>\n\n\n\n
- Bears want to follow through with Monday’s bar.\u00a0<\/li>\n\n\n\n
- Bulls see this as the bottom of a bear channel.\u00a0<\/li>\n\n\n\n
- Bears want to break the channel, and turn the market into a bear trend.<\/li>\n\n\n\n
- Bears were able to close a body beneath necklines dating back to December of 2025.\u00a0<\/li>\n\n\n\n
- Bears want to get beneath the parabolic correction low of 4164.9<\/li>\n\n\n\n
- Bears want to put in a 3rd similar leg targeting the 4232 area.<\/li>\n\n\n\n
- Bears want to maintain a large gap between price and the moving average.<\/li>\n\n\n\n
- Bulls want to send the price back up to the moving average, preventing a small pullback bear trend.
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\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- \n
- Large bear bar closing on its low.<\/li>\n\n\n\n
- Potentially at the low of a bear channel.<\/li>\n\n\n\n
- Closed a body beneath the bottom tail of last week\u2019s bar.\u00a0<\/li>\n\n\n\n
- Closed a body beneath the bear bar from the week of January 2nd.\u00a0<\/li>\n\n\n\n
- Bears eyeing to close a body beneath neckline 4164.9 of the parabolic correction.<\/li>\n\n\n\n
- Bulls want to keep price in a trading range in order to prevent a bear run.\u00a0<\/li>\n\n\n\n
- Bears want to follow through with next week\u2019s bar.\u00a0<\/li>\n\n\n\n
- Bears want to keep a large gap between price and the moving average.\u00a0<\/li>\n\n\n\n
- Bulls want to create a double bottom with the bar from the week of March 13.<\/li>\n\n\n\n
- Bears close 4 bars in a row under the moving average.\u00a0<\/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
- Bears close a body beneath the previous neckline of May 28th.\u00a0<\/li>\n\n\n\n
- Strong bear bar closing on its low, a strong sell signal.\u00a0<\/li>\n\n\n\n
- Bears want to follow through with Monday’s bar.\u00a0<\/li>\n\n\n\n
- Bulls see this as the bottom of a bear channel.\u00a0<\/li>\n\n\n\n
- Bears want to break the channel, and turn the market into a bear trend.<\/li>\n\n\n\n
- Bears were able to close a body beneath necklines dating back to December of 2025.\u00a0<\/li>\n\n\n\n
- Bears want to get beneath the parabolic correction low of 4164.9<\/li>\n\n\n\n
- Bears want to put in a 3rd similar leg targeting the 4232 area.<\/li>\n\n\n\n
- Bears want to maintain a large gap between price and the moving average.<\/li>\n\n\n\n
- Bulls want to send the price back up to the moving average, preventing a small pullback bear trend.
<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n