Wednesday, June 18, 2014

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

Gold 6JJBar
Gold has caught a nice block of selling to push it down into a 123 reversal below the cloud and BMT's.

I am waiting for price to dig into 1271.9-1272.6 to sell as well as if it gets up to 1273.6-1274.8 back down to new lows.

The first target will be the initial swing low at 1269.0 with the final projection target lower at 1265.4.

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