Monday, June 9, 2014

Gold Futures Day Trading Strategy; Selling supplied highs at resistance

Gold 12JJBar
Gold continues to move in a sideways range with a bullish tendency. We had a fake-break of the lows as well.

I am looking for price to push back to a new high so we can sell up at 1265.9 and 1273.7 back to the lows.

The first target will have to be the previous structured highs at 1258.7 with the final target back to the lows from 1249.4-1245.6.

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