Friday 25 May 2012

Todays Gold Analysis

I took only sim trades today and was playing the ping pong trades on TF between two HVC zones for 6 points.

However, today's full analysis is again gold as it is still the best for intraday swings at the moment. Gold went up $20 in choppy fashions, but each swing was worth trading.

Again, we see on the 5 min chart how the initial up move is started by climax volume bar. The move started before the London opening, so it shows how the Market Manipulators move the market at any time of day.

As usual, each swing is ended by climax volume bars and shows how important the use of volume is to see supply and demand at the hard right edge of the chart.




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