GOLD 0.51% $1,391.7 gold futures

Matty, I would stick to stocks in the beginning when using VSA....

  1. 650 Posts.
    Matty, I would stick to stocks in the beginning when using VSA. You will have more success, Gold is far too volatile at the moment.

    If you look at the two highest volume days on the daily US gold chart being the 11th and 25th you will see the first one being high volume on a down day finishing in the middle which shows buying. On the 25th you will see high volume testing the low which also shows strong buying. So by my interpretation of the VSA principles it is actually showing strength and should go up from here. Another principle you are forgetting is that it is far better to go with the trend, which is also up.

    If you can't access the gold and silver spot charts with volume you can open a free forex trading trial account that has access to gold and silver, I use an Australian one called GoMarkets.





 
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