A strong weekly finish and bullish hammer pattern suggest gold may maintain upward momentum, as it continues to consolidate ...

•Weekly action can smooth out minor noise. If an investor is looking only at daily charts, it's easy to get too focused on moves in the latest 6-1/2-hour session.

Chart patterns can appear in various time frames, from intraday charts to weekly or monthly charts. The chosen time frame should align with your trading strategy and goals.

Today's Top 3 Trades, Coffee Daily, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis.

The black arrows in the chart highlight this formation, which historically preceded declines towards the 20 or 40-week moving averages, and even deeper corrections, as witnessed in April.

Both the daily and weekly charts show it clearly. The retailer of workout clothing had a buy point of 43.47 using the middle peak of the pattern.