Gold Gold Daily Video, May 30, 2019

[Sive Morten]

Good morning,

Instead of bullish grabber, market has formed bearish one on daily chart. It makes any long trade on intraday charts dangerous:



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'll look for a nice 'Bounce' up towards 1280 area..maybe at USGDP release today..to get short entry..!?

 

[Sive Morten]

Yep. D. Trump just burns Mexico... This is not the bounce, this is something stronger...

 

[Brett Reynolds]

Yep. D. Trump just burns Mexico... This is not the bounce, this is something stronger...

Ha..Gold..!! I didn't like it..and did not see any entry..! It was 'Mid Range' for me and i only like to trade Gold when i see a 'clear set-up' on Daily chart. That huge H&S on Monthly chart is what i'm looking at...!