Gold daily video, 14 September, 2015

[Sive Morten]

Good morning,

Gold has shown upside action on Friday but we have some signs that tell about possible downward continuation:



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.

 

[D.R.&Quinch]

HI Sive, surely that big black bar could also be viewed as a fast move that completes the final wave of the cd leg? this is not a rare phenomenum and could be interpreted as market makers getting people short to provide liquidity for the big boys to finish getting long?
All the best, DR