Sive Morten
Special Consultant to the FPA
- Messages
- 18,690
Good morning,
gold market shows valuable signs of weakness. If they will be confirmed by current week close, then it could open a road at minimum to 1335 K-<span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">support</a>
</span> area on daily chart:
[video]http://images.forexpeacearmy.com/Weekly/GOLD_06_09_13.swf[/video]
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.
gold market shows valuable signs of weakness. If they will be confirmed by current week close, then it could open a road at minimum to 1335 K-<span class="glossarylink">
<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">support</a>
</span> area on daily chart:
[video]http://images.forexpeacearmy.com/Weekly/GOLD_06_09_13.swf[/video]
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.
