Monday, July 21, 2014

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

Gold 6JJBar
Gold has been catching a nice move up but has quickly snapped lower into a 123 reversal back down.

I am waiting for price to retrace a bit farther to sell from 1315.0 - 1316.0 back to a new low once again.

The first target will be at the initial swing low at 1312.0 with the final projection target lower at 1309.0.

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