Tuesday, July 22, 2014

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

Gold 6JJBar
Gold has failed at the news highs this morning right back to a new 456 continuation low under the BMT's.

I am waiting for price to retrace to sell once again from 1309.2-1310.4 back down to form a new low.

The first target will be at the initial lows of 1305.3 with the final target projection lower at 1301.3.

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