Thursday, July 10, 2014

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

Gold 6JJBar
Gold has been dropping lower from the highs and is now moving into a solid looking 456 continuation WAVE lower.

I am waiting for price to retrace a bit farther to sell from 1341.0 - 1341.7 back down to a new low.

The first target will be back at the initiating low of 1338.9 with the final projection target lower at 1336.7.

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