Thursday, May 21, 2015

Gold Futures Day Trading Strategy; Selling the wedge breakdown off channel highs

Gold 512V
Gold has caught a correction all the way back to channel highs and is now breaking out of the formed wedge.

I am looking to sell this breakdown back to test midline support first but overall back to the lows.

The first target will be on the midline support around 1203's with the final target at channel lows.
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