Gold daily video, December 29, 2017

[Sive Morten]

Good morning,

Gold potentially could give us a lot of good patterns, but we need to wait a bit more, as they should appear around 1295-1300 area:



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.

 

[Starthan]

Is it possible to short at Weekly F5 (1311.31 area) and take profit at disrespect conflunce? I see an agreement of Daily COP expansion there. ( ABC A = at 1235.31 reaction on 2017.07.20 )

 

[Sive Morten]

Is it possible to short at Weekly F5 (1311.31 area) and take profit at disrespect conflunce? I see an agreement of Daily COP expansion there. ( ABC A = at 1235.31 reaction on 2017.07.20 )

Hi,
Well, why not? It is possible, but it is better to get bearish reversal patterns first on intraday chart, that will confirm your idea.

 

[Starthan]

Thank sive I’ll wait for 4Hr MACD cross then.

Happy new year.