Gold – inflection points for Mar. 23, 2017

Yesterday’s trades

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

Sell: $1256.50-$1255.50
Keyline: $1238.50
Buy: $1229.50-$1228.60

Gold stayed within a relatively narrow consolidation range yesterday as the market digested the strong rally on Tuesday.

The price stayed between Nat’s keyline and her sell level for the entire period, and offered no reasonable entry point for overnight traders.

Trade room subscribers who traded the intraday support Nat identified around $1245 had a chance to get part of a move that produced a potential gain of about $600.

By the close about half of that had been taken back by a market that showed no clear direction.

Today’s workbook

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