Sive Morten
Special Consultant to the FPA
- Messages
- 18,644
Good morning,
Although gold is a bit tired from long-term upside rally, it gives indirect sign of possible upside continuation, as it stands near the top and above intraday K-support. When markets turn down - they do it faster and straighter. Thus, while intraday lows stand, chances on upside continuation and daily 3-Drive pattern exists:
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.
Although gold is a bit tired from long-term upside rally, it gives indirect sign of possible upside continuation, as it stands near the top and above intraday K-support. When markets turn down - they do it faster and straighter. Thus, while intraday lows stand, chances on upside continuation and daily 3-Drive pattern exists:
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.
