Gold Daily Video, September 16, 2013

[Sive Morten]

Good morning,
situation on gold market is not very interesting now, since we do not have clear setup yet. Still we should not overestimate recent plunge, because market still holds above major support levels and shows reasonable retracement from weekly point of view by far:






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.

 

[nakachalet]

hi sive

thx for sharing your gold chart. is there anyway that you could improve the sharpness of the captured video, it did appear blurry.

then perhaps you could also clarify what you meant by not very interesting. to many traders, in terms of profitability, last week was just fine, because they took short term positions, not swing nor overnight.

if you could clarify, then those following your thread would understand that short term, swing and overnight traders do have significantly different outlooks and setups for each group to be profitable.

just a thought, OK? and thx much again for sharing.

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