Thursday, May 22, 2014

Gold Futures Day Trading Strategy; Buying the WAVE reversal to new highs

Gold 16JJ Bar
I am watching Gold reverse off of the lows into a new 123 reversal pattern up to fresh new highs.

I am waiting for price to come back to 1293.5-1291 to buy it back up and if it falls farther than that, I will also buy 1287.4-1282.9.

The first target on this trade will be back at the highs of 1304.1 with the extended target for a big runner up at 1317.2.

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