Gold – inflection points for Apr. 28, 2017

Yesterday’s trades

Sell: $1278.50-$1279.90
Keyline: $1268.90-$1269.50
Buy: $1256.50-$1257.30

Gold offered a decent entry for overnight trader when the price reached Nat’s keyline.

But catching the right exit was largely a matter of luck. The move to the low of the day, which came soon after the day session open, returned about $600 per contract, but there was no obvious reason for the exit.

The price never approached Nat’s buy level.

The price returned toward Nat’s keyline but never reached it and the balance of the day was spent in a narrow range that offered no real opportunities.

 

Today’s workbooks