Sive Morten
Special Consultant to the FPA
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Good morning,
Gold now stands around our 1264 support area, thus we still think that price could bounce up at least to 1275 area or, even to 1282, if Fed comments will be more dovish compares to expectations:
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 now stands around our 1264 support area, thus we still think that price could bounce up at least to 1275 area or, even to 1282, if Fed comments will be more dovish compares to expectations:
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.