Gold, oil and indices all in focus in this session on NinjaTrader
More excellent VPA lessons in this week's webinar during the US session as David and I focus on commodities, indices and stocks, and in this session we start with gold which had one of its best days for many weeks, with the two drivers of USD weakness and a flight to safe haven, all helping to propel the precious metal away from the drop zone below the $1200 per our region, if albeit only a temporary respite. The safe haven flows were as a result of the uncertainty in Europe and in particular the Italian budget, but as always, this looks likely to be resolved and such flows then likely to reverse just as fast. All of this was beautifully displayed on the renko optimizer for NinjaTrader, along with the other Quantum Trading indicators for NinjaTrader, and also confirmed on the intraday time based charts. Whilst the longer term picture for gold remains bearish, this was a day for the...