Gold Daily Video, 27 July, 2017

[Sive Morten]

Good morning,

Gold has reached 1265 target. Now it could turn to moderate retracement as investors coudl start to fix profit:



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]

Well 3 Bull weeks in a row. The Large Reverse H&S pattern on the monthly is still valid as it looks like we've got bounce from lower border of right shoulder @ 12.10/1215 area? Right. July will finish as quite strong Bullish Bar with tail! It's all looking 'Bullish to me'..!!??
Or am i talking 'Bull' Sive..!!?? ....

 

[Sive Morten]

Well 3 Bull weeks in a row. The Large Reverse H&S pattern on the monthly is still valid as it looks like we've got bounce from lower border of right shoulder @ 12.10/1215 area? Right. July will finish as quite strong Bullish Bar with tail! It's all looking 'Bullish to me'..!!??
Or am i talking 'Bull' Sive..!!?? ....

Yes, it looks good so far. But, I'm a bit worry on lack fo support from CFTC and SPDR data - no real purchases of physical gold stands behind....