Gold – inflection points for Mar. 17, 2017

Yesterday’s trades

GC J17, Mar. 16, 2017. 30-minute bars.

Sell: $1221.60-$1223.00
Keyline: $1209.50-$1208.50
Buy: $1199.50-$1198.00

Gold futures moved up to Nat’s sell level early in the overnight session, and continued higher with a price spike at the opening of the day session.

The price later fell back a little for the close but never returned to Nat’s sell point.

The range for the day was about $10 which is not especially narrow, but this was effectively a consolidation day after the large rally Wednesday afternoon.

There were no useful trades for overnight traders. Subscribers to the trade room may have been able to catch part of the retracement from the spike at the start of the day session and make a decent gain.

Today’s workbook

Comments are closed.