Gold Daily Video, 13 September, 2016

[Sive Morten]

Good morning,

Gold has reached 1320 support area, today we could get some bounce up, approximately to resistance around 1340:




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.

 

[grae64]

what has happened to your view on eur/usd? you strangelly silent!!!

 

[invest6300]

Dear Sive's I wondered what your opinion is of the outlook of gold in GBP technical analysis. It seems that the dollar creates more noise in the graph rather than a more simple flow of the price in GBP. Do you think reading it could be better?

Good morning,

Gold has reached 1320 support area, today we could get some bounce up, approximately to resistance around 1340:




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.

 

[Sive Morten]

what has happened to your view on eur/usd? you strangelly silent!!!

Nothing yet. I'm silent since nothing happens there. Besides, we've talked on EUR just in weekly research 1 day ago.

In 2 words view is as follows:Long-term bearish, short-term - look for 1.12 support first and 1.11 second. If EUR will form Butterfly, then it should reach 1.16, if it will drop below 1.12 - then chances on bearish reversal will increase significantly.

 

[invest6300]

To follow up look at GBPUSD and XAUGBP seem to correlate rather very close, while the dollar correlates least with either? So the conclusion is? Your thoughts

You possibly have found then also that the GB

Good morning,

Gold has reached 1320 support area, today we could get some bounce up, approximately to resistance around 1340:




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.

 

[Sive Morten]

Dear Sive's I wondered what your opinion is of the outlook of gold in GBP technical analysis. It seems that the dollar creates more noise in the graph rather than a more simple flow of the price in GBP. Do you think reading it could be better?

Hi, actually we rare take a look at GBP recently, because no real action happens there. So, to recall our view, just read most recent GBP research:
https://www.forexpeacearmy.com/community/threads/forex-pro-weekly-september-05-09-2016.46910/