GOLD Daily Video, February 26, 2013

[Sive Morten]

Good morning,
Gold is forming perfect setup for short entry around 1600-1604 area:

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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.

 

[aman suri]

thanks for your updates for today sive, just wanted to know that until what level the downward retracement could be watched for today. thanks

 

[Sive Morten]

thanks for your updates for today sive, just wanted to know that until what level the downward retracement could be watched for today. thanks

Well, theoretically minimum retracement target is 1587 low on hourly chart. But if this is B&B "Sell" it could proceed to 1565-1570.

 

[aman suri]

Well, theoretically minimum retracement target is 1587 low on hourly chart. But if this is B&B "Sell" it could proceed to 1565-1570.

uve been great always....thanks

 

[aman suri]

as you know that bernake speech has impacted gold, can u pls give suggestion as to wht neeed to be done with short positions or what shud be our next trading plan. thanks