Tuesday, June 17, 2014

Gold Futures Day Trading Strategy; Buying the WAVE to new highs

Gold 12JJBar
Gold has caught a nice burst in buying pressure pushing above the BMT and cloud for a 123 reversal off of the lows.

I am waiting for price to dip back to buy at 1264.8-1263.2 back up to new highs and to possibly retest the overall highs.

The first target will be the initial high currently at 1271.5 with the projection target farther above at 1279.8.

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