Gold Daily Video, May 08, 2013

Sive Morten

Special Consultant to the FPA
Messages
18,760
Good morning,
gold just has tested the lower border of daily consolidation yesterday. Now price stands with upward bounce. For bearish development it is prefferable that retracement will not exceed 1465 area:


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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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