Gold day trading plan

We can see Gold
Futures trading in a short term sideways-trading-range on our 60-minute anchor
chart.  We can see the sideways price-wedge
pattern and the buy and sell zones that help to define this trading range.

We are
indeed waiting patiently to see how the price-action reacts around the PLOD this
morning.  We will be looking for the InsideOut
Set-up to get long at the PLOD around the 1595.0 support level and using the PHOD
at 1607.0 as a final runner profit-target for the buyers.  Furthermore, if the sellers take control and
we keep moving lower below the PLOD we don’t have a lot of room, so we’re not
going to sell short with very high percentage this morning.  We will be looking to buy the support levels
at the PLOD, the price-wedge lows and the buy-zone at 1596.0 and 1593.5.

Sell-zones for today are
1600.2-1601.6, 1607.0-1609..4, 1612.5-1614.0, and 1616.0-1617.0

Buy-zones for today are
1596.0-1595.0, 1593.5-1589.7, 1588.5-1587.9, 1580.2-1575.8

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