Tuesday, May 20, 2014

Gold Futures Day Trading Strategy; Selling the new supplied highs

Gold 8JJ Bar
I am watching the Gold Futures push higher above the BMT's on a profit taking rally from the block selloff we had earlier.

I am waiting for price to get to 1298.3 and 1303 to sell it right back down again.

I will first target the BMT's in the middle of the range at 1293.1 currenty with my overall target back at the lows from 1287.0 - 1284.2.

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