Gold – inflection points for Feb. 23, 2017

Yesterday’s trades

GC J17 Feb. 22, 2017. 30-minute bars.

Sell: 1251.10–1249.50
Keyline: 1239.50
Buy: 1228.50-1230.50

Good two-way move for gold traders worth about $800 per contract, provided they faded Nat’s sell level by a dollar or so.

The price decline stopped just above her Buy level, which was the exit.

Those who place the exit inside her Buy level made a dandy profit. Those who didn’t saw the initial gains evapourate during the day session.

Today’s workbook

Download link: (170223daily-trading-worksheet-gold.pdf, 149KB)