November 7, 2012
- in Uncategorized by schooloftrade
Gold Futures Anchor Chart Prep:
 |
| Gold Futures Anchor Chart |
We can see
the bear price-channel with the recently-broken bear price-wedge and trading
right on top of the PHOD. We can see trigger-zone
resistance overhead at 1735.0 and major trigger-zone support way down to
1665.5.
the bear price-channel with the recently-broken bear price-wedge and trading
right on top of the PHOD. We can see trigger-zone
resistance overhead at 1735.0 and major trigger-zone support way down to
1665.5.
Our day
trading strategy for this morning is to sell these highs at resistance below
the PHOD as the buyers will have failed.
Our goal is to look for market personality clues for the price-reversal at
the PHOD and take profit-target at the PLOD.
This may be a classic fake-out-breakout of the bear price-channel.
trading strategy for this morning is to sell these highs at resistance below
the PHOD as the buyers will have failed.
Our goal is to look for market personality clues for the price-reversal at
the PHOD and take profit-target at the PLOD.
This may be a classic fake-out-breakout of the bear price-channel.
