Gold daily Video May 22, 2015

[Sive Morten]

Good morning,

Technically gold looks interesting from perspective of going long, but in reality this setup as not as attractive as it seems at the surface:



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]

What about $/CAD DPRO minimum target now also? WILL it still be reached?

 

[Sive Morten]

What about $/CAD DPRO minimum target now also? WILL it still be reached?

Hi Brett,
market has closed above 3x3 - this event stands among ones that call for trade closing. Still, as market has moved along with oversold, we could get some AB=CD down.
So, half close of position looks nice decision and moving stop to b/e on another half...