Gold Futures Chart & Trading Levels 11.13.2019

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Volume Spikes and market turns
My colleague of over 18 years, Mark OBrien sent me the volume spike picture of gold futures today. I decided to see how and if my NEW indicator, LNR do in predicting this turning point.
The picture is below. Large volume spike, new lows, followed by the LNR indicator flashing a buy (green square)..of course, always much easier looking back and in theory than when one trades live real time with the unknown future but you may want to take a look at the LNR indicator and use volume in addition?
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Futures Trading Levels


Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.