Gold Daily Video, 13 July, 2017

[Sive Morten]

Good morning,

Gold shows mixed action now and we need a bit more clarity and signs to understand what will happen next:





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'm still waiting on that 'BIG' signal to go Long.!? Nothing yet....but commodity currencies are looking very Bullish..!!?
What is going on Sive..?

 

[Sive Morten]

I'm still waiting on that 'BIG' signal to go Long.!? Nothing yet....but commodity currencies are looking very Bullish..!!?
What is going on Sive..?

It seems that commodity currencies mostly are driven by Central banks and shaking of equilibrium among their policies, rather than commodities directly. CAD is definitely driven not by Crude Oil price...
Actually on gold, it seems that downward drop is more probable, we've' got beraish grabber yesterday on daily chart... Upside action inside the day is too choppy to treat it as new bull trend...