Gold Gold Daily Video, September 03, 2019

Sive Morten

Special Consultant to the FPA
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.


Your short term 1 hour DIAMOND FORMATION & UPSIDE BREAKOUT is indeed working marvelously Sive! So far today XAU has nearly hit the $1,550 level even. My belief is that XAU could now ultimately easily hit $1,600 after this upside performance here today. Time will tell. I tip my hat once again to you Sive! Thanks Sive!