Gold Daily Video, 11 January 2017

[Sive Morten]

Good morning,

On gold market we expect reaching of 1204 target. Also, as this level is very stuitable for downward reversal - we wil watch for patterns there:




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.

 

[leo4fx]

Thanks I always watch your analysis and add a bit of my own. My fav indicators also show downward chances. But the main trend indicator is showing a long signal since yesterday (on the GDX chart). In 2 weeks I’ll be expecting a bottom. If the long signal still valid i will notify else I’ll humbly fold and join you in a short trade