Gold Weekly Analysis
Does gold have better odds of following the potential path we discussed a few days ago on our free Investing Angles Substack—or is something else brewing beneath the surface? In this Gold Technical Analysis, we examine the latest momentum structure, key support and resistance levels, and the technical conditions that could confirm either the bullish or bearish path. With gold still sitting at a critical technical juncture, the next few sessions could provide the confirmation needed to show which scenario is beginning to take control. CANDLES and TA: I don’t like the failures into the close. Everything looked good on Friday, but just before the close gold developed a Bearish Engulfing on the 1-hour frame, and that weakness spilled into both the daily and weekly candles. The daily technically formed an Inside candle, while the weekly ended with a Thrusting Line, morphing from what had been shaping as a Piercing…
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