Gold Gold daily Video, May 29, 2019

[Sive Morten]

Good morning,

After deep retracement to major 1276 support, gold shows good upside action. Now we could consider long entry on some deep:



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]

Gold tricky at the moment. Lets see if we get an 'Inside Bar' today! I would not be surprised to see W&R of Stops placed at 1288..and market to return right back down.!? A close and hold 'above 1288 is what is required for Longs!
I prefer to Buy Gold at much lower levels ie 1240-1250..!?

 

[Sive Morten]

I prefer to Buy Gold at much lower levels ie 1240-1250..!?

Yes, this is our major weekly view as well. I'm just wonder what the recent rally means and will it be any continuation.