Gold Gold Daily Video, August 12, 2019

[Sive Morten]

Good morning,

On coming week we will watch whether any reaction on weekly butterfly target follow or not:



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.

 

[minimax]

I think we are in sell area.. Yellow ABC has ideal target around 1507 but B has done its job.
If we get W&R of this candle than I expect that white ABC will be in play.

 

[minimax]

This is what I was talking about.. If LL falls, gold and silver will go higher..