Gold Daily Video, December 23, 2014

[Sive Morten]

Good morning,

despite that market stands at strong and important support level, today's GDP revision could push market lower:





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.

 

[Bilal Jafar]

Yeah absolutely, US data is out and the GDP is revised up to 5% which has been above the analyst expectations and it is having a direct impact on the Gold prices slipped a little bit but the impact wasn;t as much as expected by the analysts, may be the reason could be that analysts said that the gold is already prices in.