Tuesday, October 28, 2014

Gold Futures Day Trading Strategy; Selling the WAVE to fresh lows

Gold 6JJBar
Gold has reversed back to the lows below the BMT and is now forming a minor WAVE short.

I am looking to sell a retrace back to 1231.3-1232.1 to drop price farther to a new low.

The first target will be at 1228.5 near the low with the final target lower at 1225.6.

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