A Tough Day For Index Traders, But Not For Gold Speculators
It was another day trading the indices where patience was required in abundance with the YM, NQ and ES all treading water following the Advance GDP release which drove the US dollar higher as a result. This lack of participation was most clearly reflected on the Tickspeedometer with tick values remaining low for the session as price action wallowed. But elsewhere, there were trading opportunities, and most notable for gold which was driven lower as the US dollar rose. So it was a day for hunting out the opportunities.
Disclaimer: Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in ...
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