market profile concepts and gold

New Frontiers in Technical Analysis: Effective Tools and Strategies for Trading and Investing

New Frontiers in Technical Analysis: Effective Tools and Strategies for Trading and Investing

I think it closely resembles the chart above. Buyers need to pray for a move back above 1380.  Lots of long positions were added to there. Buyers may be relieved to liquidate at break even pushing price down.

I think it closely resembles the following chart. Buyers need to pray for a move back above 1380. Lots of long positions were added to there. Buyers may be relieved to liquidate at break even pushing price down.

Interesting to see the volume mode for the last swing lo/hi at the area where price was pushed up to on Thursday.

Interesting to see the volume mode for the last swing lo/hi at the area where price was pushed up to on Thursday.

Buying Climax

Buying Climax

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