Gold Daily Video, 30 March, 2017

[Sive Morten]

Good morning,

Major action right now stands in intraday chart. It seems that gold could show a bit deeper retracement to 1240 area:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

I took a short last night with a really tight stop after a nice retracement up to the trend line at around 1254.50. Then i saw a beautifull 5 min pin bar!? We could get a really deep retracement to around 1224..which would be the 61.8 of last move up.!? Heads & Shoulders on all time frames here.!?