December 7, 2012
- in Uncategorized by schooloftrade
Gold day trading plan
 |
| Gold day trading plan |
Gold is
trading at the lows of the price-wedge this morning with a big-round-number of
1700.00 above us as an excellent target for the buyers at these lows.
trading at the lows of the price-wedge this morning with a big-round-number of
1700.00 above us as an excellent target for the buyers at these lows.
We always
want to use the big-round-numbers as price targets, and we are looking to buy-the-lows
at support of 1688.0.
want to use the big-round-numbers as price targets, and we are looking to buy-the-lows
at support of 1688.0.
If price
moves lower we want to wait for the opportunity to buy the lows after the
sellers exhaust. If the sellers are too
strong we can indeed sell short with a wave-pattern-short below 1686.0 with a
short term target at 1677.5 and a long term short target at 1668.2
moves lower we want to wait for the opportunity to buy the lows after the
sellers exhaust. If the sellers are too
strong we can indeed sell short with a wave-pattern-short below 1686.0 with a
short term target at 1677.5 and a long term short target at 1668.2
