Sive Morten
Special Consultant to the FPA
- Messages
- 18,673
Good morning,
Gold still can't move higher due solid <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=resistance" onmouseover="return overlib('Resistance is a price level (often an area, not an EXACT price) that traders tend to sell at. This often prevents price from going above this level, [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=resistance" onmouseover="return overlib('Resistance is a price level (often an area, not an EXACT price) that traders tend to sell at. This often prevents price from going above this level, [...]');" onmouseout="return nd();">resistance</a>
</span> above. At the same time market does not show deep retracement and this keeps chances on upside action:
[video]http://images.forexpeacearmy.com/Weekly/GOLD_15_01_15.swf[/video]
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 still can't move higher due solid <span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=resistance" onmouseover="return overlib('Resistance is a price level (often an area, not an EXACT price) that traders tend to sell at. This often prevents price from going above this level, [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=resistance" onmouseover="return overlib('Resistance is a price level (often an area, not an EXACT price) that traders tend to sell at. This often prevents price from going above this level, [...]');" onmouseout="return nd();">resistance</a>
</span> above. At the same time market does not show deep retracement and this keeps chances on upside action:
[video]http://images.forexpeacearmy.com/Weekly/GOLD_15_01_15.swf[/video]
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.
