Gold Daily Video, January 06, 2014

[Sive Morten]

Good morning,
If this is really upward reversal, then next destination on daily chart is 1250, while in perspective market could reach more extended targets:





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]

This is Disastrous! I have open positions on Gold which I could have closed last week. On my chart with Axitrader the 1180 level has 'not been breached' which is in agreement with your charts!? One has to wonder what is going on here!? The candles quite often do appear different on your Alpari charts and markedly so! However the levels have always been correct. The spike down occurred on the 31st...and we had 2 more days of full trading on Thurs & Friday. It's a bit 'late in the day' to be giving us this information now Sive!?