Tuesday, May 27, 2014

Gold Futures Day Trading Strategy; Selling the bigger WAVE to new lows

Gold 6JJBar
I am watching Gold get stuck a bit at the lows after a VERY nice sell off on big strength.

I am waiting for price to catch a bigger pullback to sell at 1272.5-1274 as well as the BMT at 1274.5.

The first target on the way down is the initial lows at 1266.0 with the extended target farther below that at 1258.0.

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