Live Day Trading Gold 8-30-2016

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This is a live trade video in the Gold futures market (GC-12-2016 contract) taken on Tuesday Aug-30-2016 using the daytradethemarkets software.

This trade in the gold market was made once it had tested down into a long time support.
The market dipped sligthly below the support area of 1320 with aggressive selling that was quickly rejected. A long trade was entered once this was confirmed.
The first objective of $160/contract was reached and half the position was sold.
The second half of the position was exited at break even.
Even though the market did not have the strong rally we were looking for a nice profit was still made on the trade.


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