Thursday, June 5, 2014

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

Gold 12JJBar
I am seeing prices on Gold continue higher and now that we are above the cloud and firmly above the BMT, I expect that to continue.

I am waiting for price to come back to buy at 1250.5-1248.7 as well as at the BMT of 1248.5 to push price right back up to the highs.

The first target on the way up will be the initial swing at 1257.9 with the final target at the projection highs of 1267.1.

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