October 2, 2013
- in Uncategorized by schooloftrade
Gold Day trading strategy; SchoolOfTrade.com
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| Gold Anchor Chart |
Gold is trading HIGHER this morning with a short-term trend that
is bullish. We can see the trend-line resistance
around the 1300.0 big-round-number and price-action has tested this area and
reversed back off these new highs this morning.
We have resistance zones above us starting at 1315.4 with only a minor swing-high
resistance in our way at 1305.0. This
tells us we can easily see a big move above the 1305.0 up to 1315.4. We also have support below us at 1290.5 and
1282.7 which we will use in an up-trend to buy a pullback on the way to higher-highs.
is bullish. We can see the trend-line resistance
around the 1300.0 big-round-number and price-action has tested this area and
reversed back off these new highs this morning.
We have resistance zones above us starting at 1315.4 with only a minor swing-high
resistance in our way at 1305.0. This
tells us we can easily see a big move above the 1305.0 up to 1315.4. We also have support below us at 1290.5 and
1282.7 which we will use in an up-trend to buy a pullback on the way to higher-highs.
