A tough day for index traders, but not for gold speculators

Another day trading the indices where patience was required in abundance with the YM, NQ and ES all treading water following the Advance GDP release which drove the US dollar higher as a result. This lack of participation was most clearly reflected on the Tickspeedometer with tick values remaining low for the session as price action wallowed. But elsewhere, there were trading opportunities, and most noteable for gold which was driven lower as the US dollar rose. So it was a day for hunting out the opportunities.

By Anna Coulling

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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