Gold – inflection points for Apr. 11, 2017

Monday’s trades

GC M17. Apr. 10, 2017. 30-minute bars.

Sell: $1269.50-$1271.50
Keyline: $1258.50-$1260.50
Buy: $1248.60-$1249.70

Nat’s gold call was close to perfect yesterday, and the traders who took it — both overnight traders and trade room subscribers — saw a potential profit of about $850 per contract in the move.

The price moved down dramatically from Monday’s closing price but stopped at Nat’s buy level as the day session began.

It then moved up during the morning session and spiked just above her keyline around noon.

Both the entry and the exit were clearly defined, and there was very little drawdown to cause anxiety around the entry; a simple; clear trade with a nice profit.

Trade room subscribers also had a chance for an additional profit on the retracement from the keyline, which moved a bit past the 50% Fibonacci level.

Today’s workbook

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