Gold Gold Daily Video, March 26, 2020

Sive Morten

Special Consultant to the FPA
Messages
13,142
Good morning,

Gold shows curious price action around 1600 area. Although it might sounds crazy but it looks like somebody holds the price. Thus we call not to go short and consider long entry at minor retracement around 1560-1580 area, if it will happen at all:
 

kris82

Private
Messages
12
Hi Sive,
yes, you're totally right with holding price of gold and here is the answer on the pic. You can also find some info that some banks require clients to sell it's gold or they will do it for them... Paper gold is going it's own way from physical.
LBMA provides stolen from banks gold to .... USA, CME. Yes, that's right...
 

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