A nice move in gold, and easily captured by both overnight traders and those in the live trade room.
The futures touched Nat’s Keyline twice in the pre-market session, providing easy entry points.
As soon as the day session started there was a concerted sell-off that dropped the price down to Nat’s buy level, and provided an exit for the shorts.
Some traders in the trade room (and conservative overnight traders) used that sell-off as an entry for a second leg back up. The exit was market-on-close.
The first leg netted about $1100 per contract; the second about $230 per contract.