Thursday, August 7, 2014

Gold Futures Day Trading Strategy; Buying the WAVE to new highs

Gold 6JJBar
Gold has crossed up into a 456 continuation pattern with prices moving higher once again.

I am looking for price to pullback a bit to buy from 1307.6-1306.8 as well as the BMT at 1306.7.

The first target will be back to the highs at 1310.1 with the final target higher above at 1312.7.

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