Thursday, October 3, 2013

Gold Day trading strategy; SchoolOfTrade.com

Gold Anchor Chart
We begin with Gold Futures this morning and we can see from our anchor chart that the long-term trend is moving LOWER, so we will be looking to sell short this morning with the proper entry pattern. 

We can see support zones below us at 1300.0 big-round-number and 1287.0 and we will use those levels as profit-targets for our short-selling this morning

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