Monday, June 16, 2014

Gold Futures Day Trading Strategy; Selling the WAVE to new Lows

Gold 6JJBar
Gold caught a big block of selling pushing price below the cloud and BMT's with a firm signal reset lower.

I am waiting for price to retrace back up to sell at 1277.8-1279.0 with the BMT right in the mix at 1278.1.

The first target will be back to the lows at 1272.5 with the projection target to new lows at 1266.0.

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