Gold – inflection points for Apr. 6, 2017

Yesterday’s trades

GC M17. Apr. 5, 2017. 30-minute bars.

Sell: $1268.50-$1269.50
Keyline: $1254
Buy: $1245.20-$1246.50

There were two good trading opportunities in gold yesterday. Overnight traders had a good chance at the first; trade room subscribers could get both.

The price rallied overnight, but fell back to Nat’s keyline near the beginning of the day session.

Overnight traders and trade room subscribers who were in the room early should have had no trouble getting into the trade.

The price then dropped to within a couple of cents of Nat’s buy level, providing a good exit from the trade.

Later in the session the price returned almost to the buy level again, giving trade room subscribers a second entry, before it moved straight back up to the keyline and beyond for the exit.

The trade was worth about $900 per contract in each direction.

Today’s workbook