Tuesday, June 10, 2014

Gold Futures Day Trading Strategy; Buying demanded lows back to new highs

Gold 6JJBar
I am watching Gold sink lower after making a fake-break new high. We are now dropping to the BMT's with a turning cloud.

I am waiting for price to come farther down to buy at 1258.6, 1257.6, and 1256.6 to get price back up to new highs.

The first target will be the middle swing back at 1261.8 first with the final target back at the highs from 1263.4-1264.6.

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