3d • General discussion
$GC
Honestly, I'm somewhere in the middle on this one.
From a macro perspective, the trend has been bearish for most of the year. It spent nearly the entire first half of the year moving lower, and there's still a chance it continues to weaken—possibly even pulling back to the 20-week SMA or beyond.
That said, the charts are what matter. Price structure and technicals come first. On the 4H chart, I'm seeing a very clean sequence of higher highs and higher lows, supported by solid volume.
So the question is: Is this just a relief rally before the downtrend resumes, or are we witnessing the early stages of a genuine market structure shift?
We'll have to see how price behaves tomorrow and into next week. No need to predict—just react to what the market gives us.
Curious to hear everyone else's thoughts.
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$GC
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