Gold Daily Video, 23 February, 2016

[Sive Morten]

Good morning,

Here guys, we still continue to monitor retracement down. Let's hope that we will get nice point for taking long position:




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.

 

[Brett Reynolds]

Well..as i said last week..i had 1290 marked on Gold and 16.10 on Silver. Yesterday 16.10 was 'almost' hit...not quite. Next target is 18.50...which would give impetus to get Gold to 12.90. I just can't see any reason to go short at the moment...too much sentiment.

 

[Sive Morten]

Well..as i said last week..i had 1290 marked on Gold and 16.10 on Silver. Yesterday 16.10 was 'almost' hit...not quite. Next target is 18.50...which would give impetus to get Gold to 12.90. I just can't see any reason to go short at the moment...too much sentiment.

Yep. No shorts, only waiting for good entry point.