Gold daily video, January 16, 2018

[Sive Morten]

Good morning,

Gold action is not very attractive right now, as price doesn't give any clear patterns or setups for position taking. Still, as major upside targets have not been met yet - any bullish continuation pattern will have advantage:



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.

 

[fabx]

Hi Sive is there a possible double repo on the daily forming?

 

[Sive Morten]

Hi Sive is there a possible double repo on the daily forming?

Well, according to DiNapoli rules - DRPO should have approx. equal tops. While here we have very different ones. Only if there will be strong collapse down, may be it could be treated as DRPO, mostly by market behavior, not by the shape still.