GOLD Daily Video, July 18, 2013

[Sive Morten]

Good morning,
gold market gives us not bad short-term bearish setup, since it is possible that market will reach at least 1255-1260 area:






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]

hi sive, thanks for your analysis, which are great as usual, i have question i am short @ 1281 usd can u pls suggest where shud mystops shud be placed, as i am not able to find that out, really appreciate your response.
thanks
aman

 

[Sive Morten]

Well, this is personal issue, since it is related to your risk management. But I suggest it should be placed somewhere above lower border of broken triangle. Now this is around 1288