Wednesday, June 4, 2014

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

Gold 6JJBar
I am watching Gold fail off of its highs back below the BMT's and cloud making a new 123 reversal to the down side.

I am waiting for price to retrace back to 1245.4 and 1246.0 to sell it right back down again to new lows.

The targets on the way down will be the initial swing first at 1242.8 as well as the projection target at 1239.6.

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