Gold swing trades – week of Feb. 22 2016

Last week


Gold futures. Prices to Feb. 19, 2016

GOLD had a minor pullback last week. This pullback was mainly for testing the broken resistance line of the 4-month consolidation range and smoothed out a short-term overbought condition.

Last week’s trades


Gold futures, Feb. 19, 2016. 60-minute bars

The weekly range was less than the previous week. but still substantial. Nat’s 1st buy level caught the low of the week precisely. At the high end of the range, her Key Line was missed by about $5.

The full move for the week was worth about $50, or $5,000 per contract for traders who took her entry call and managed to exit at the high.

For those who missed the exit, the end-of-week retracement was still good for about $32, or $3,200 per contract.

Note how the pivot level, broken early in the week, halted the retracement on Friday.

This week

Paid subscriber content

Sorry. This section contains the specific buy/sell levels for this week. It is reserved for paid subscribers.

You can join here for as little as $9 per month and receive instant access.

Comments are closed.