Monday, May 4, 2015

Gold Futures Day Trading Strategy; Buying the range lows back to new highs

Gold 512 Tick
Gold has had a great rise higher in a nice big channel where we are currently stuck in a small trading range.

I am looking for a fake-break low into the channel lows to buy it right back up to the highs.

The first target will be off at the midline or range, whichever is closer, with the final target above at the channel highs.

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