Tuesday, October 1, 2013

Gold Day trading strategy; SchoolOfTrade.com

Gold Anchor Chart
Gold Futures are moving lower this morning, breaking to the downside below key support at the lows of the price-wedge on our anchor chart.

We can see the market sentiment is clearly bearish on our anchor chart this morning so we are using the overhead resistance levels to sell short this morning.

Look for the selling-opportunities at the 1297.1 and 1294.7 along with 1302.6 and 1300.6.

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