March 28, 2013

Gold day trading plan

We can see
the Gold Futures has rolled forward to the next front month which is the 06-13
(bi-monthly rollover). 
Gold day
trading plan
We can see
that Gold is moving lower this morning after bouncing off the resistance zone
at 1606.0 overhead and headed to the lows of the range at the PLOD and the support
zone at 92.3.  If you haven’t got into
your short trade yet on Gold this morning you need sit-on-hands because we’re
trading in the middle and we want to buy-the-lows at support around 92.3 or if
the price-action reverses and tries to re-test the resistance above us we will
then look for a selling opportunity OR a breakout set-up above the 1608.1 highs
of the resistance zone. Join us HERE.

    schooloftrade

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