August 2, 2013
- in Uncategorized by schooloftrade
Gold day trading strategy
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| Gold Anchor Chart |
Gold Anchor
Chart:
Chart:
Gold is trading
lower this morning with new lower-lows after the release of the Non-Farm
Payroll report. We have retraced off the
1282.5 lows and tested the trigger-zone at 1308.0. This is a very important location because if
we collapse we will sell short back down to the 1282.5 and if we keep going
higher we will buy pullbacks up to the next resistance at the trigger-zone at
1323.0 and then 1328.1 overhead.
lower this morning with new lower-lows after the release of the Non-Farm
Payroll report. We have retraced off the
1282.5 lows and tested the trigger-zone at 1308.0. This is a very important location because if
we collapse we will sell short back down to the 1282.5 and if we keep going
higher we will buy pullbacks up to the next resistance at the trigger-zone at
1323.0 and then 1328.1 overhead.
