Gold inflection points – Jan. 2, 2017

Gold

Gold futures, Dec. 30, 2016. 60-minute bars.

Red line is short level.
Blue line is control level
Green line is long level.

Watch price action around the control line. Once a direction is established trade in the direction of the movement. Then watch for the price to stop and reverse at the red or green inflection levels.

Inflection points

Download link: (170102-daily-trading-worksheet.pdf, 144KB)