Gold never fails to amaze. Today we had quite a lot of large swings, the biggest being $21. Again, these swings end on climax volume on the 5 min chart. The biggest swing was over very quickly, which seems to me that stops were being taken out on both the longs and shorts. I had just opened my charts when I saw the big swing unfolding. Price was going up very fast, then it reversed just as quickly. I expect a lot of traders were trapped on the wrong side today. There were some good RPM signals today, but it would have been very scary trading GC today. Good thing I did not trade it.
Here are the charts
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