June 25, 2013
- in Uncategorized by schooloftrade
Gold Day trading strategy
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| Gold 60-Minute |
Gold is
trading in a sideways-trading-range this morning in the middle of the price-wedge. We want to buy-the-lows at support and sell-the-high
at resistance and avoid the MIDDLE of this range for the high-percentage-trades
this morning. We can see the 1272.5 area
is ideal for a buying opportunity and with the Dollar-Index pushing higher, we
can indeed sell short down to that level.
 |
| Gold 5-Minute |
Make sure the Dollar-Index is strong to the up-side and selling retracements
on gold with a profit-target at the 1272.5 area where we will then look to take
a profit-target and then buy the lows.
on gold with a profit-target at the 1272.5 area where we will then look to take
a profit-target and then buy the lows.
