by Dan Norcini
Trader Dan Norcini
The gold market was relatively quiet in today’s session as most traders did not want to get too aggressive ahead of a major payrolls report due out tomorrow. That is when the action should pick up.
It does seem to be holding support at the zone noted on the chart below. That is roughly between $1220 – $1224. Notice that once again volume is shrinking but that volume on the down bars continues to exceed that on the up bars. The bears are still in control for now.
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Trader Dan Norcini
The gold market was relatively quiet in today’s session as most traders did not want to get too aggressive ahead of a major payrolls report due out tomorrow. That is when the action should pick up.It does seem to be holding support at the zone noted on the chart below. That is roughly between $1220 – $1224. Notice that once again volume is shrinking but that volume on the down bars continues to exceed that on the up bars. The bears are still in control for now.
Continue Reading at TraderDanNorcini.Blogspot.ca…
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