Thursday, October 23, 2014

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

Gold 6JJBar
Gold attempted to push lower but quickly failed forming a fake-break low.

I am looking to sell a retrace back to 1229.9-1231.2 to sink price back to the lows again.

The first target will be about half way down at 1227.9 with the final target lower at 1226.3.

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