Yesterday’s trades
GC M17. Apr. 6, 2017. 30-minute bars.
Sell: $1258.50-$1259.50
Keyline: $1248.50
Buy: $1235.20-$1237.00
Gold hit Nat’s sell level after the Wednesday close, but it was probably too early for overnight traders to catch the entry.
The price subsequently moved down in a fairly narrow range but never reached Nat’s keyline.
For traders who were lucky enough to catch the entry the move was worth about $600 per contract if held to the day session close.
The modest move in Wednesday’s day session was overshadowed by a tremendous spike up in the after market.
Gold jumped almost $20 an ounce on the news of the US attack on Syria. It fell back slightly in subsequent trading but the price was holding about $10 per ounce above the early after-market price.