Gold – inflection points for Apr. 19, 2017

Yesterday’s trades

GC M17. Apr. 18, 2017. 30-minute bars.

Sell: $1296.40-$1295.50
Keyline: $1287.50-$1285.50
Buy: $1278.00-$1279.50

Gold futures were slammed back and forth yesterday, but provided good trading opportunities.

Overnight traders had a short entry at Nat’s keyline, which produced a sharp decline close to her buy level as soon as the day markets started trading.

The price recovered almost immediately and moved back to the keyline and beyond.

The move down and back was worth about $600 per contract in each direction. Traders held to bounce for the close had a potential profit of about $1050 per contract..

Today’s workbook

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