Today's Gold action

As stated in my previous post, I missed out on good long trades on GC and CL by losing focus.  Here is the gold trade that was setting up at the same time as CL.

We see a classic stop hunt and the 5 min chart shows a churn bar with a demand tail.  Price then bases and we have a HVC cluster zone on the 400 and 700 tick charts.  Both Range charts give very good long entries for a 70 tick move up to a supply zone formed this morning.  Price then retraces all the way back down to the HVC cluster zone demand area and we get another good bounce back up to the supply zone.  Lovely game of ping pong, but possible 200 ticks from 3 trades.