Thursday, May 14, 2015

Gold Futures Day Trading Strategy; Buying the breakdown of the range and channel lows

Gold 512V
Gold has had a great rise higher and has recently caught a bit of selling pressure.

We got a bit overzealous on the channel lows so I am looking to buy this back higher to the EMA and range.

The first target will come off at the EMA around 1223.0 with the final target at the channel retest.

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