Gold Daily Video, July 23, 2014

Sive Morten

Special Consultant to the FPA
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18,673
Good morning,

Although yesterday gold has made an attempt to move lower, but this looks as thin story. Thus we need more clarity, since some oposite patterns are present:




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.
 
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EUR / USD rose on a consolidated basis before the preliminary data from the Eurozone PMI for July
 
The price remained slightly below the minimum in February 1.3475 (R1) and the Eurozone PMIs, which will come out later in the day, with a forecast of a modest decline.
 
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