The GOLD perpetual futures contract just made a new daily high, which exceeds the daily highs of the last several days prior. Chart displayed shows daily low and high, range of highs and lows for past days, trend using last 3 pivots, money flow, volume accumulation percentage indicator, and bull/bear power.
Day traders may wish to look for an opportunity to short this as it may correct while longer term traders could interpret this as a long term uptrend.
Day traders may wish to look for an opportunity to short this as it may correct while longer term traders could interpret this as a long term uptrend.