Friday, May 30, 2014

Gold Futures Day Trading Strategy; Selling supplied highs at the BMT

Gold 6JJBar
I am watching Gold continue to drop with all of the selling pressure that has been in the markets this morning.

I am waiting for price to get back to 1250.0, 1251.1, and 1252.4 to sell it back down again. If it goes above that I will also sell 1253.8 and 1256.2.

The targets on the way back down will be the cloud in the middle around 1247's as well as the final target back at the lows of 1244.1 - 1242.5.

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