Gold futures bounced a little after the Wednesday close, then moved down to Nat’s keyline area overnight, then stalled there until the day session open.
The price then dropped dramatically almost to her buy level before reversing and recovering all of the loss.
It then immediately reversed again and fell almost to the sell level again. It reached that level in the after-market trading.
The move provided a potential profit of about $700 per contract for overnight traders with very little drawdown after the keyline was hit.
Subscribers to the trade room had two opportunities to capture the trade, but they needed good stops to protect their gains on the first move down.
The price moved through almost the entire daily range twice in the space of an hour and a half, an indication of greatly increased intraday volatility. Volume is decreasing as traders begin to rollover to a new contract.