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| Gold futures day trading strategy |
Gold
futures is trading just above the PHOD and when the buyers fail we will sell
short below the PHOD and the support levels around 1641.0. This will be a fake-out breakout above the
highs so we can assume the sellers on gold futures will attempt to push price
all the way back down to the lows of the range, so that is where our profit
target will be.
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