Thursday, May 8, 2014

Gold Futures Day Trading Strategy; Selling the new trend highs

Gold 16JJ Bar
I am watching Gold Futures fall lower after a nice sell off from the highs.

I am waiting to see price rise back on a pullback to resistance. I will be looking to sell 1302.1 and 1308.8 and if needed, 1312.8 and 1319.5.

I will be targeting the BMT on the way back down at 1296.3 as well as the overall target back at the lows at 1285.4.

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