GOLD Daily Video, February 11, 2014

Sive Morten

Special Consultant to the FPA
Messages
18,732
Good morning,
finally gold has turned to more interesting action and immediatey has given us not bad setup on 4-hour chart:





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.
 
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The 161.8 indicator has been hit. Can we trade the retracement, I mean sell ? Or it's better to wait for the retracement and then buy?
 
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