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Categories:General Market Commentary
Gold / Gold Stocks
Watch the 1 minute chart for giant footprints - late day high volume buying or selling, an indicatator of fund accumulation / distribution. Substantial late day buy orders exceeding several million shares in the last five minutes of trading are an example of an accumulation footprint.
Chart parameters as suggested by S. Weinstein are 2 yr/weekly bars w/30 wk. SMA
10/25/12 One can visually see a strong resistance zone at $30 where x's & o's reversed direction multiple times. Buy at $25 - $26 Support..
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