Monday, August 18, 2014

Gold Futures Day Trading Strategy; Selling resistance back to new lows

Gold 6JJBar
Gold has been pushing aggressively lower and is now pushing into a fake-break low.

I am looking for price to rise higher to sell again from 1310.1 as well as above that at 1315.3 back to new lows.

The first target will be the BMT's in the middle around 1302's with the final target at the lows of 1296.5.

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