Gold – inflection points for Jan. 23, 2017

Previous trade

There was a profitable trade in gold over the Thursday-Friday sessions but most overnight traders likely took a loss.

The price rallied to Nat’s key line and beyond, and the most promising overnight trade wa to go long at the key line.

That trade got stopped out for a loss. The price then rallied and moved back through Nat’s key line and spiked up to her sell level.

Traders monitoring the trade room should have caught that move for a profit of about $610 for the full move, an indication of the advantage they get from intra-day updates.

Daily workbook

Download link: (170123-daily-trading-worksheet-GOLD.pdf, 142KB)