There are many negative signals developing in the Gold chart. The recent double top was followed by a three-day corrective bounce that reached the 60% sell window on a projected reversal date (December 14, 2010). Wednesday’s trading session opened with a gap lower and the market is currently trading below the prior day’s low. A close below the December 14th low would confirm a gap-n-go pattern and trigger more selling pressure in the Gold. I will have more information and recommendations for the Gold in future issues on the TMV Swing Trading Report.
