September 3, 2014

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

Gold 6JJBar

Gold has dropped lower but was met with a fake-break low where we now have price reversing.

I am waiting for price to push higher to sell from 1270.3 as well as 1272.2 back down again.

The first target will be in the middle at the BMT’s around 1268’s with the final target at 1265.3.

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