Monday, August 4, 2014

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

Gold 6JJBar
Gold has fallen out of bed today dropping to a new strong low into a 123 reversal pattern down.

I am looking for price to retrace back to sell again at 1292.3-1293.1 right back to new lows once more.

The first target will be off the lows a bit at 1289.6 with the final target lower at 1286.7.

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