Gold daily Video May 28, 2015

[Sive Morten]

Good morning,

Gold mostly stands where it was yesterday - coiling and building an energy:




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]

Only 1180-1177 can save it now!? It would tie in with same area on Euro..the 61.8 fibo @ 1.0850!? IMHO Sive.

 

[Sive Morten]

Only 1180-1177 can save it now!? It would tie in with same area on Euro..the 61.8 fibo @ 1.0850!? IMHO Sive.

Hm, It could be, rather similar. For gold this is may be even more important, since breaking down 1175 could lead to solid acceleration.