These events tend to bring participation to the gold market because the commodity is viewed as a haven, he said.
However, since the spot gold market is larger than the futures market, there is a tremendous amount of selling and buying volume for trading gold directly, which creates market depth at all times, he said.
This creates more opportunities to capitalize by trading gold directly.
However, in most cases, given the depth of the spot gold market (XAU/USD), order slippage is minimal, he noted.
TradingViewHe emphasized that spot gold is often traded through an over-the-counter broker, and the volume bars may not be visible.
Persons:
Shain Vernier, Vernier, isn't, it's, TradingView
Organizations:
Service, Business, HowToTrade.com, Traders, Bollinger, TradingView
Locations:
Iran, Israel