Thursday, July 17, 2014

Gold Futures Day Trading Strategy; Selling resistance back to new lows

Gold 6JJBar
Gold has been slowly creeping higher after making a fake-break low back on the 3rd wave.

I am waiting for price to push up to a new high to sell at 1309.5 and 1313.4 back down to a new low.

The first target will have to be the BMT's in the middle around 1304's with the final target back to the 3 point low at 1299.3.

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