Gold – inflection points for Mar. 24, 2017

Yesterday’s trades

GC J17, Mar. 23, 2017. 30-minute bars.

Sell: $1261.50-$1262.50
Keyline: $1253
Buy: $1238.50-$1240.60

Gold futures climbed up to Nat’s keyline overnight, and stopped almost exactly at her level. Traders going short at her keyline had virtually no drawdown and were profitable virtually from the first tick.

The price then fell throughout the first part of the session to the low for the day, before bouncing a little into the close. It never approached Nat’s buy level.

The move was worth about $750 per contract for those who exited at the close, and slightly more for those who caught the exit at the low. Both overnight traders and trade room subscribers should have been profitable yesterday.

Today’s workbook