October 21, 2014

Gold Futures Day Trading Strategy; Selling resistance back to the lows

Gold 6JJBar

Gold has formed a nice looking fake-break low giving us an area of resistance to sell.

I am looking to sell test of 1252.3, 1254.6, and 1255.9 right back down to the lows.

The first target will be the BMT’s in the middle at 1250.6 with the final target at the low of 1246.5.

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