Gold Daily Video, 07 December, 2015

[Sive Morten]

Good morning,

Recent rally could initiate multiple short-term patterns and we will watch for them on coming week




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.

 

[Brett Reynolds]

Hmm. Yes Weekly engulfing..possible trend reversal but could only be short term maybe to 1100-1120-1130 areas!? It's Tricky to go long against such strong downtrend and i don't think it is over...just yet!? Besides. knowing Gold market like we do those 1050 lows must surely be 'Washed Out' before any Long term reversal will happen!? Right!?