December Gold began Monday’s trading session with a higher gap opening above Friday’s high. The high opening also occurred inside the 60% sell window on a projected reversal date. The price action appears to confirming the end of the two to three day corrective rebound–a bearish reaction swing– that would complete a major TR (trend reversal) pattern. If confirmed, the TR pattern portends a significant trend shift followed by more downside decline in Gold.
I will have more information on this price action and possible sell pattern in the next issues of the TMV Swing Trade report.
December Gold - click to enlarge
