Thursday, January 13, 2011

intra-day Cheat sheet on Gold

just take a look at this intra-day chart of gold showing 1000 days of data averaged together, absolutely incredible to see the daily similarities.
obviously this pattern doesn't happen every day but you can use this as a guide to time entries and exits with some statistical evidence.

Below i've included a chart of todays intraday gold price, note the perfectly correlated tops and bottoms with the 1000 day average chart