TradeWize · free chart read
GC is bouncing inside a bear flag with no clear trend under a weekly downtrend. The bounce is on thin volume. $4230.57 ends the flag, $4166.80 resumes the fall.
What the read found
- Trend: lower highs and lower lows over the window, 5 steps across 64 bars — and that run is OVER: price closed above the last lower high 3 bars ago. Do not describe it as a trend that is still running.
- Formation: bear flag — Still forming.
- Decides above: $4230.57 (the bear flag)
- Decides below: $4166.80 (the bear flag)
- Resistance: $4222.47
- Resistance: $4426.65
- Support: $4161.83
- Level history: The last three times price reached $4222.47 it held every time, bouncing 1.6% on average.
- Level history: The last eight times price reached $4426.65 it held 6 times, bouncing 2.2% on average, and broke through once.
- Level history: The last seven times price reached $4161.83 it held 4 times, bouncing 2.3% on average, and broke through once.
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Every figure on this page was computed from the real candles up to 2026-10-04. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns