Tuesday, July 8, 2014

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

Gold 6JJBar
Gold has fallen down from a fake-break high but collapsed a bit farther below support into a new larger WAVE to new lows.

I am waiting for price to rise a bit higher for us to sell at the crosshair of 1320.4-1321.7 back down to new lows once more.

The first target will be at the lows of 1316.4 with the final projection target lower at 1312.2.

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