Gold Daily Video, 05 May, 2017

[Sive Morten]

Good morning,

Currently gold starts to show some reaction on daily support, but still no intraday patterns have been formed yet, thus hardly today we will get something to do here:



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]

I was surprised to see the sell off from last weeks yet my long term indicator is still signalling long
At the moment we seem to be in the low end of the upward channel the slow stochastic is also about to turn up
I Look forward to your analysis for the coming week

Cheers