Monday, January 6, 2014

Gold Volatility

Trading Gold today is exciting based on the volatility. Price retreated briefly to the support of the Ichimoku Cloud on that long bar, I would think that economic news may have motivated the Bear for a while.

Volumes are light and some forms of technical analysis will be invalidated by the lack of volume. It will be difficult for the long term traders to invest in Gold, some larger hedge funds are reducing positions

I will soon post a chart that I use for scalping Gold, as soon as I have a bit more time.


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