GOLD Daily Video, January 24, 2014

[Sive Morten]

Good morning,
although gold has shown solid upward action it has not erased yet possiblity of H&S appearing. So, now need to understand will any continuation follow or not here:




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.

 

[christ101]

Interesting update.
You mentioned yesterday's rise may be due to Goldman Sachs & JP Morgan announcement on gold. Could you tell me where you saw this?
Thanks, Chris

 

[Sive Morten]

Not quite. I've said "it is curious that gold rises just after GS and JPM has decreased forecast to 1080s".
Personaly I have not read it anywhere, my chief said me about it and I didn't ask him where this info from. I suggest from Bloomberg may be. But anyway it is 100% reliable.