The week ending July 13, 2012 was almost a write-off for gold traders. The futures opened Monday around 1582 and closed Friday around 1592. Nobody can make money in a market that only moves 10 points a week, right?
Wrong. Nat called two great futures trades last week that netted more than 85 points — and called them publicly on Sunday afternoon, long before the market opened.
The calls are posted on her gold blog, and they were easy to take: a short from a well-definded resistance level around 1595 and a reversal long from an equally-clear support at 1556 on the current futures contract.
Here’s what the trades looked like on an intra-day chart (30-minute bars).
To see the full description — and the swing trades for next week — visit www.naturus.com/gold. Free, and no registration required.
