Gold – inflection points for Jan. 31, 2017

Yesterday’s trades

Not a very exciting day for Gold traders. The early birds got short at Nat’s sell level in the overnight session, but the price never reached the exit at Nat’s Keyline, and the trade was eventually stopped out.

A trailing stop would have captured about $450 in profit.

Traders who waited for the day session also got stopped out if they used Nat’s Sell level as their entry.

All-in-all, we could have skipped yesterday and saved some money.

Today’s workbook

Download link: (170131-daily-trading-worksheet-GOLD.pdf, 142KB)