Gold Futures Trading 6-19-08

Gold (Thurs 6-19)

Overnight Setup:

• Failure to break lower in the overnight session
  

AM Setup

• Looks to test the High[1]
• Price of 898.10
• Clean Break of level

AM TRADE:

• Look to enter long position at H[1]
• Risk/Reward (1:2)

Trade Analysis
Entry: 898.40
Exit: 904.50

Comment: Little bit of early exit, but risk reward was achieved