Gold Futures Chart & Trading Levels 11.13.2019

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Dear Traders,

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Volume Spikes and market turns

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My colleague of over 18 years, Mark O’Brien sent me the volume spike picture of gold futures today. I decided to see how and if my NEW indicator, LNR do in predicting this turning point….

The picture is below. Large volume spike, new lows, followed by the LNR indicator flashing a buy (green square)…..of course, always much easier looking back and in theory than when one trades live real time with the unknown future but you may want to take a look at the LNR indicator and use volume in addition?

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Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Futures Trading Levels

11-13-2019

Economic Reports, source: 

bettertrader.co

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.