Gold Price Fluctuations Intraday

This is an interesting chart which shows the intraday price of gold throughout the day. You will notice that the price almost always rises during the Asian session then declines sharply during the New York session. Even though this chart only shows the intraday price of gold from 1998-2005 it is still germane. You will see this pattern over and over again (try this for yourself). This is one of the better indications of manipulation that I can find. Or is there some benign reason for this odd occurrence?


Chart from Demetri Speck at seasonalcharts.com

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3 comments:

  1. Hi ,

    I feel it at times, that it is logical as indians are gold driven , its part of there day to day life. But i strongly doubt it is the only factor. I am sure people are playing with it.

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