Sive Morten
Special Consultant to the FPA
- Messages
- 18,644
Good morning,
Gold now is forming wide consolidation and it seems that we will not get final direction within few weeks. That's why what we could do here is just to watch for intraday patterns that have chance to appear around support/resistance zones. One of them stands around 1260-1265 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.
Gold now is forming wide consolidation and it seems that we will not get final direction within few weeks. That's why what we could do here is just to watch for intraday patterns that have chance to appear around support/resistance zones. One of them stands around 1260-1265 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.
