Sive Morten
Special Consultant to the FPA
- Messages
- 18,659
Good morning,
Gold has explosive mix of long-term driving factors, which promise us big volatility. Besides they will act not in the same moment of time. Thus, in nearest few weeks gold should keep positive mood and has good chances to proceed upside action.
Still, on coming week, we're mostly focused on retracement as gold stands in strong resistance area on weekly 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.
Gold has explosive mix of long-term driving factors, which promise us big volatility. Besides they will act not in the same moment of time. Thus, in nearest few weeks gold should keep positive mood and has good chances to proceed upside action.
Still, on coming week, we're mostly focused on retracement as gold stands in strong resistance area on weekly 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.
