Tuesday, July 29, 2014

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

Gold 6JJBar
Gold is pushing lower and lower with big block sellers being quite aggressive to the downside.

I am looking for price to retrace a bit to sell from 1298.0 - 1298.4 back to a new low again.

The first target will be near the lows at 1296.6 with the final projection target below at 1295.1.

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