Gold fell from a five-week high amid concerns that slower growth will curb demand for bullion. The world economy will expand by 2.5 percent this year, down from a June estimate of 3.6 percent, as the euro area contracts 0.3 percent, the World Bank said. Gold climbed to a five-week high yesterday as Spanish and Greek borrowing [...]
Gold May Fall as Dollar Strengthens, Saps Demand, on Debt-Crisis Concern
Gold may fall for a first day in four in New York as a stronger dollar curbs demand for alternative assets. The euro slumped to the lowest since September against the U.S. dollar after Greek Prime Minister Lucas Papademos warned his country may face economic collapse as soon as March. France sold 7.96 billion euros ($10.2 billion) of debt, with borrowing [...]
Gold Rebounds, Heads for 11th Annual Gain on Speculation Demand May Build
Gold rebounded in New York, extending an 11th annual gain, on speculation prices at a five- month low will spur demand from jewelers and investors. Bullion fell 4.8 percent over the previous six sessions to the lowest level since July 7 as gains by the dollar against the euro curbed demand for the metal as an [...]
Swing Trade Update – The Short February Gold is has reached the target objective!
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 [...]
Gold – What does Action/Reaction say about next target objective? – swing trade strategies, price action, median lines, swing trade signals, market timing
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 [...]
Market update – Short Gold reaching the short-term target objective – swing trade signals, swing trade strategies, price action, median lines, action reaction, market timing, reversal dates
TMV – Short December Gold @ $1857.50 – last price @ $1812.50 – Gold traded sharply lower overnight and triggered the sell signal at $1857.50. The market has reached an intra-day support level where it could stall and even bounce. I recommend exiting the current short position for a very nice one-day gain. I will [...]
Market alert! What does today’s reversal date mean for Gold? – swing trade signals, swing trade strategies, price action, median lines, action reaction
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 [...]
Was the collapse in Gold really a surprise? – action reaction, swing trade signals, swing trading, price action, market timing, median lines
As I listened to the talking heads, on the business news channel, talk about the unexpected collapse in the Gold and Silver, I was thinking, “Was this really a surprise?” I look back to the August 19, 2011 issue of the TMV Swing Trade report where I talked about the price action in the Silver and Gold [...]
Market Alert – Will today’s reversal date end the rally in Silver?
September Silver traded into the 60% sell window–beginning at 40.43–and reached a high of 40.61, before the projected reversal date kicked in, turning the market lower. Along with reaching the 60% sell window, Silver was also testing the descending parallel line resistance while forming a possible bearish TR (Trend Reversal) pattern. The A confirmation of [...]
Market Alert ! Silver fails to break above median line.
TMV Swing Trade report – Long September Silver @ 41.12 – Silver was unable to remain above the upward sloping median line and reversed direction mid-session. A swing pattern failure pattern, on the intra-day chart, warned of the reversal and signaled an exit of the long position.