Gold Gold Daily Video, August 08, 2019

Sive Morten

Special Consultant to the FPA
Good morning,

As gold market stands at daily and weekly overbought, we keep an eye on potential DRPO "Sell" pattern on 4H chart:

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.


Sergeant Major
This gold trip reminds me of the Eur/Yen some ears ago, it was about 99 some years back -everybody expected a retracement along the way up (most reasonable) 'the powers that be' thought differently and it did not, until it reach the top 145 at that time..

I got out of Gold the last few days. Took a hit, Ouch! As i now see 'the wales' pushing for 1700/1750 or may be higher, with hardly any retracing in between. This is not advise please note it is just my experience/observation which could easily be wrong. Will be watching though, until i see a save entry. Thanks you Sive.