Gold Weekly Analysis

Today, we focus on the mid- and long-term outlook from February 28. With only three trading days left in September, it is prudent to evaluate how the monthly close is shaping up and whether any adjustments are needed to the short-term outlook we discussed on Thursday in our free Substack update. 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 as September comes to a close. CANDLES and TA: By looking at the candle map, I see little reason for optimism. The weekly and 3D frames closed with strong bearish continuation candles after facing rejections at several major levels. The daily started with a ton of energy, but that momentum faded. As a result, the potential Bullish Engulfing morphed into what now looks more like a bearish continuation candle. With…