Gold Gold Daily Video, November 29, 2019

[Sive Morten]

Good morning,

Gold market also shows slow action and we keep our scenario with downside continuation. Probably it should start in few hours:

 

[kris82]

Seems that weekly pivot support has worked out. I have never used this type of indicator, but since I read your book with this chapter I'm testing this approach and I'm really suprised how good it works. Looks like you are more focused on DiNapoli levels/methods. Aren't you using pivots anymore?

 

[Sive Morten]

Seems that weekly pivot support has worked out. I have never used this type of indicator, but since I read your book with this chapter I'm testing this approach and I'm really suprised how good it works. Looks like you are more focused on DiNapoli levels/methods. Aren't you using pivots anymore?

Hi Kris,
I would describe my approach as DiNapoli in conjunction with Harmonic and classical analysis. I use Pivots as additional tool in coordination with DiNapoli levels. Also I watch on PR1 and PS1 as additional indicator of the trend/retracement.