Gold FuturesShort
GOLD Sell
GOLD Futures
One of the most useful indicators used by all investment banks and institutional traders is Moving Average (MA). When price reaches MA, the volatility(volume) increases. Either to break out, or to reject.
In this case, the volume remains average, which means no "smart money" participation, or at least not enough. Low volume rising price is a sign of weakness, as no demand in place.
Most likely, GOLD futures will start to decline again and test EMA100 at $1870.
One of the most useful indicators used by all investment banks and institutional traders is Moving Average (MA). When price reaches MA, the volatility(volume) increases. Either to break out, or to reject.
In this case, the volume remains average, which means no "smart money" participation, or at least not enough. Low volume rising price is a sign of weakness, as no demand in place.
Most likely, GOLD futures will start to decline again and test EMA100 at $1870.
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