May 14, 2014

Gold Futures Day Trading Strategy; Buying the pullback to new highs

Gold 16JJ Bar

I am watching Gold push to a new high on nice strength while forming a new high.

I am waiting for price to pullback to buy it at 1299.2 and 1296.8 so I can get price right back to the highs. If it falls a bit farther than that I will also be buying 1295.4.

The targets to the upside will first be at the overall swing high at 1309.2 as well as a runner target above that at the next cluster of swings around 1315’s.

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