January 29, 2015

Gold Futures Day Trading Strategy; Selling resistance back to the lows

Gold 6JJBar

Gold has fallen lower into a fake-break low and is rising higher off of that.

I am looking to sell formed resistance at 1265.4, 1266.9, 1267.7, and 1269.2 back down to the lows.

The first target will be in the middle at 1264.5 with the final target lower at 1261.7.

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