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Trader_Dale
Dec 12, 2019 2:36 PM

Heavy Volumes on Gold show strong buyers 

GoldOANDA

Description

1. There was an uptrend (this is sign of strong buyers)
2. Significant Volume cluster got formed within the uptrend (buyers were adding massively to their long positions there)
3. When the price gets back to this volume cluster, it will work as a stron support. Buyers will defend it and push the price up again.
Comments
ReallyMe
But the buyers had also added massively to their long positions around $1500, where a Significant Volume cluster had also formed. Nevertheless, the price fell lower. So what you say only makes half sense, doesn't it?
Brunchy
If crisis is about to come as soon as expected, this could be the low of next few years at least, what you think?
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