Gold – inflection points for Mar. 9, 2017

Yesterday’s trades

GC J17, Mar. 8, 2017. 30-minute bars.

Sell: $1228.60-$1230.50
Keyline: $1220.00-$1221.50
Buy: $1209.00-$1208.50

Both gold and oil dumped yesterday. Oil’s decline was spectacular, but the sell-off in gold was almost as large.

The drop from Nat’s buy level was worth about $1,900 per contract, which is a strong object lesson in why stops are essential on every trade.

All our traders using Nat’s Buy level as an entry were stopped out.

Today’s workbook