Tuesday, August 5, 2014

Gold Futures Day Trading Strategy; Buying support back to new highs

Gold 6JJBar
Gold has been falling quite aggressively lower after a fake-break high on the 3rd wave.

I am looking for price to fall a bit farther to buy at 1282.5 as well as 1277.9 back up to the highs.

The first target will be the BMT's in the middle around 1287's with the final target back to the high of 1294.3.

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