TMV Swing Trade report – February Gold – short from $1705.00 – current price @ $1662.50 – Heavy overseas selling pushed the Gold through the $1705.00 trigger price to enter the short position. Looking at the 60-minute chart. Gold has reached the time and price target objective. (Target objective is where the reaction line intersects reversal bar.) This price action suggests Gold could be ready for a corrective rebound. I recommend covering the short Gold at this level and look to re-enter a short position after a rebound to the downward sloping median line. I will keep you updated on any new swing trading opportunities in the Gold.
John Crane
February Gold - click to enlarge
