Gold daily video, May 11, 2018

Sive Morten

Special Consultant to the FPA
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18,664
Good morning,

Gold has completed our 1320 upside target. To make possible higher retracement and unlock area till 1365 - this level should be broken. In few hours technical downside action should follow (at least 30%) as respect of strong 1320 resistance 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.
 
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