TradeWize · free chart read

GC is 32 weeks into a downtrend, coiling inside a bear pennant. The coil is on 4 times normal volume. $4490.00 ends the pennant, $4468.38 resumes the fall.

GC=F · WEEKLY · read on 2026-09-03 · Still forming.

What the read found

Trend: lower highs and lower lows over the window, 4 steps across 32 bars, still intact
Formation: bear pennant — Still forming.
Decides above: $4490.00 (the bear pennant)
Decides below: $4468.38 (the bear pennant)
Resistance: $5111.30
Support: $4005.48
Support: $3230.28
Level history: The last two times price reached $5111.30 it held every time, bouncing 20% on average.
Level history: The last six times price reached $4005.48 it held 5 times, bouncing 22% on average, and broke through once.
Level history: The last five times price reached $3230.28 it held 4 times, bouncing 13% on average.

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Every figure on this page was computed from the real candles up to 2026-09-03. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns