Gold Gold Daily Video, August 20, 2019

Sive Morten

Special Consultant to the FPA
Messages
13,541
Good morning,

As gold stands in consolidation and above 1480 lows - it keep chances on another leg up, so it is not safe to take short position right now:


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.
 

Joh

Sergeant Major
Messages
976
I read this move down as an impulse which demands retrace so if price goes into (1), 5th is in place, might be pullback and upwards again. If it continues down then 5th is limited because 3rd is shorter than 1st.
The Chart is not that clear to me, however thank you for the message with it :)
 
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