With little direction in the USD, I expect gold to stay in a fairly narrow range the coming days.
Gold is consolidating around the POC line and gives us no clear direction. I would only take a position when the price is moving away from the POC line (long or short) using tight stops above and below the POC line. Alternatively I would look at previous days trading volume and when hitting the low/high of previous days volume range consider trades towards the POC line....
Thoughts?
Gold is consolidating around the POC line and gives us no clear direction. I would only take a position when the price is moving away from the POC line (long or short) using tight stops above and below the POC line. Alternatively I would look at previous days trading volume and when hitting the low/high of previous days volume range consider trades towards the POC line....
Thoughts?