Friday, June 13, 2014

Gold Futures Day Trading Strategy; Buying demanded lows at support

Gold 16JJBar
I am watching Gold push to a new high where it has fakebreaked the highs into a pullback back down again.

I am waiting for price to fall a bit farther to buy at 1266.8 and 1262.6 along with the BMT in the middle at 1263.1.

The targets on the way back up will be at the cloud first around 1270's with the final target being back at the highs again from 1276.4-1278.8.

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