TradeWize · free chart read
GC is coiling inside a descending triangle with no clear trend under a daily downtrend. The coil is on thin volume. $4216.90 ends the triangle, $4172.63 resumes the fall.
What the read found
- Trend: a series of higher highs and higher lows over the window, 4 steps across 46 bars — and that run is OVER: price closed below the last higher low 16 bars ago. Do not describe it as a trend that is still running.
- Formation: descending triangle — Still forming.
- Decides above: $4216.90 (the descending triangle)
- Decides below: $4172.63 (the descending triangle)
- Resistance: $4219.97
- Resistance: $4332.65
- Support: $4143.65
- Level history: The last six times price reached $4219.97 it held every time, bouncing 0.8% on average.
- Level history: The last four times price reached $4332.65 it held every time, bouncing 1.7% on average.
- Level history: The last three times price reached $4143.65 it held every time, bouncing 0.9% on average.
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Every figure on this page was computed from the real candles up to 2026-10-01. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns