Gold – Volume Profile

This is a 30-minute  chart with a  3 day look back of volume and a 120- minute chart with 10 day look back of volume beneath it.  Note how easy it is to eyeball the middle of a prior trading range if your charting package does not have this condensed volume indicator.   Resistance came in on the early AM  reaction  up  and then support came in on the reaction  down at prior “volume nodes”.

 

9-23-2014 10-58-39 AM