Wednesday, May 28, 2014

Gold Futures Day Trading Strategy; Selling the WAVE short

Gold 6JJBar
I am watching Gold continue its descent into new lows with quite a bit of selling pressure on the way down.

I am waiting for price to retrace back to 1260.4-1261.2 as well as 1262.3-1263.8 to sell it right back down to the lows again.

I will be targeting the initial swing first at 1257.0 as the first target with the extended target lower at 1252.8.

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