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Gold Chart Pattern Indicates Impending Volatility; Possible Top

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Oct 12, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
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    Today’s sample of Futures Analysis from FuturesHound.com

    December Gold traded in a tight and narrow range for the second day in a row indicating impending volatility.

    Fundamentally, the slow down in the break in the U.S. Dollar has had a lot to do with trader indecision. Bullish traders have backed away from adding to their existing positions since Thursday when this market made a closing price reversal top.

    At that time it was thought that this pattern was triggered by position evening ahead of last Friday’s U.S. jobs data. Now that it has been three days since that volatile session, something bigger may be brewing.

    Read full article at ForexHound.com as well more Forex Trading articles including Forex Technical Analysis and Forex Education

    Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

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