Gold daily Video June 19, 2015

[Sive Morten]

Good morning,

Gold has changed short-term contex and now responses on recent dovish Fed comments:





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]

I think i mentioned. If the Fed continue to be Dovish then how can Gold continue to drop!? Last weeks candle ended was Bullish at 61.8 of move of 5th-10th Jun.Mondays candle came back and hit that 61.8 again. The 61.8 off this weeks move up will be around 1179/80..the very middle of this same daily Bullish candle!. If it gets there..!!??