TMV Swing Trade report – short December Gold from $1793.50 – current price @ $1779.80 – This is the second swing trade signal taken this week, with the first closing successfully at the target objective. After a short-term rebound to the median line, a new signal pattern appeared and triggered a sell signal at $1793.50. Looking at the longer-term chart, the major TR pattern has confirmed the September 2nd reversal date as a major high and portends more downside pressure over the next several days.
I will have updated stop changes and the target objective in the next few issues of the TMV Swing Trade report. If you have not signed up for your 30-day free trial subscription, sign up today at www.tradersnetwork.com.
December Gold - click to enlarge
