Gold Daily Video, 10 April, 2017

[Sive Morten]

Good morning,

Last week gold has formed some short-term bearish patterns that could trigger downward retracement 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.

 

[Rabul]

I will share again with my thoughts. Please draw a trend line from last year top till today and you'll see the importance of this resistance.
Then draw another trend line from the very top in 2011 and you'll see even more how difficult it is to go higher for gold.
If the breakout finally happens then we will see real bullish action on PM.
I keep short from 1267.