August 19, 2010
- in Uncategorized by schooloftrade
Looking To Buy Lows Of Gold Channel
Gold Futures:
We can see gold breaking to the upside now moving off the lows of the channel, so we are looking to buy the lows of this channel on gold.
Long above 1238.7, with targets of 40.0 (1/2), 41.0 (1/4), and then read the tape for our final target.
Please remember that trading at the all time highs means we don’t have any overhead resistance to use as profit targets, so read the tape and watch for slowing speed, momentum to curl, and big sellers to confirm an exit fr the final target.
