Thursday, May 29, 2014

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

Gold 12JJBar
I am watching Gold reverse in price action back up from the lows it made yesterday.

I am waiting for price to pullback to buy at 1255.8-1254.6 as well as lower at 1253.0-1250.9.

The targets on the way up will first be the initiating swing at 1260.6 with the extended targets at the BMT at 1265.3 and the final target at 1266.6.

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