Gold Futures Day Trading Strategy; Selling the BMT test

Gold 16JJ Bar

I am watching Gold completely shift to the downside now with quite a bit of selling pressure.

I am waiting for price to get up to 1295.4, 1295.9, and 1297.4 to sell it back down to fresh lows with this new trend

If we get back above the BMT’s, I will be looking for short term WAVE Patterns long up to a potential double top to sell it again.

I will be targeting the initial low first at 1287.7 but will also be looking for an extended target to new lows to trail a target on the way down.

Make sure you sign up for our trial to the Live Trade Room so you don’t miss this trade! We will be taking this LIVE in the room so you can follow along with us!