Gold Daily Video, 26 April, 2016

[Sive Morten]

Good morning,

So, gold still stands indecision and shows mixed signals. Thus, it would be better to wait for clarity and do not try to gamble on possible direction right now:




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]

Remember what happened a few years ago with the silver price? On a no volume night due to the Chinese markets close for holidays billions of paper silver were dumped in the silver market to trigger the down leg. Next Monday gives the same opportunity to do something alike.

05/02/2016 Monday Early May Bank Holiday London Stock ExchangeUnited Kingdom
05/02/2016 Monday Labour Day Holiday 2 Shanghai Stock ExchangeChina
05/02/2016 Monday Labour Day OBS Hong Kong Stock ExchangeHong Kong