Tuesday, August 19, 2014

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

Gold 6JJBar
Gold has dropped down to a fake-break low and is now starting to bounce higher.

I am looking for prices to rise higher to sell at 1300.5 as well as above that at 1302.6 back to the lows.

The first target will be the BMT's in t he middle around 1298.5's with the final target at 1294.6.

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