Gold is holding steady. As far as the price action is showing we will still want to see some bearish price action and a reason provided by the tape reading. The most important factor is to know the key to getting the challenge of price of commodities weighed against currencies.
Gold used to be real money until the Bretton Woods agreement was removed. The reason they didn't want to trade gold is because a lot of people weren't making money, there was no volatility. Gold is pretty volatile. Volatility is price action generated by momentum. No matter your strategy, you're most likely trading market volatility. In order to make money we need violence! This is the volatility that makes us execute our trades!
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The market participants are all looking for the best way to make money. The ones who consistently win are the professional traders who make waves to drown poor swimmers. The most trades that can be made are developed through an understanding of the price action and the activities of the participants who cause volatility. Liquidity is NOT as important as volatility. Volatility makes you rich, liquidity makes it faster. It's like a financial lubricant that gets you your money right quick. The greatest market participants are the people who use volatility and liquidity with great efficiency.
In this trade, we are trading in the direction with the most volatility. The violence will cause an outburst or an implosion at the highlighted area!
Gold used to be real money until the Bretton Woods agreement was removed. The reason they didn't want to trade gold is because a lot of people weren't making money, there was no volatility. Gold is pretty volatile. Volatility is price action generated by momentum. No matter your strategy, you're most likely trading market volatility. In order to make money we need violence! This is the volatility that makes us execute our trades!
:>
The market participants are all looking for the best way to make money. The ones who consistently win are the professional traders who make waves to drown poor swimmers. The most trades that can be made are developed through an understanding of the price action and the activities of the participants who cause volatility. Liquidity is NOT as important as volatility. Volatility makes you rich, liquidity makes it faster. It's like a financial lubricant that gets you your money right quick. The greatest market participants are the people who use volatility and liquidity with great efficiency.
In this trade, we are trading in the direction with the most volatility. The violence will cause an outburst or an implosion at the highlighted area!