Wednesday, June 11, 2014

Gold Futures Day Trading Strategy; Buying demanded lows at support

Gold 6JJBar
I am watching Gold fall off a bit from the highs after making a fake-break new high on an 8 wave.

I am waiting for price to come back down to 1261.3, 1261.0, and 1259.7 to buy it right back up again.

The first target will be the cloud floating in the middle currently around 1263's with the final target back to the highs from 1265.5-1266.6.

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