One thing about the volume on the downside - The equity markets are pretty much the same way also, as they float higher on no volume, then get hammered with high volume.
Think of this, whatever or whoever is trying to jam the price down in any stock, any market or futures contract has to sell the bid and get others to sell the bid also. If there are too many bids, well, the price is just going to float higher as all the offers disappear.
An interesting detail: In the last 7 sessions the bar before the two daily big volume bars were always blue (-> Gold up).
ReplyDeleteHigher vol on down bars with little price movement might suggest buyers are buying the "pullback"???
ReplyDeleteOne thing about the volume on the downside - The equity markets are pretty much the same way also, as they float higher on no volume, then get hammered with high volume.
ReplyDeleteThink of this, whatever or whoever is trying to jam the price down in any stock, any market or futures contract has to sell the bid and get others to sell the bid also. If there are too many bids, well, the price is just going to float higher as all the offers disappear.