Gold has triggered a sell signal after failing inside the 60% sell window. Gold has been forming a bearish TR pattern over the past two weeks after reaching the target objective where the ascending upper parallel line (green) intersected the descending reaction line (red) in conjunction with the projected reversal date (October 13th). Gold posted a double top at $1388.10, completing the bullish reaction cycle and setting the stage for a possible trend shift. Following the reversal date, Gold turned lower to post a (C) pivot low at $1315.60 on October 22. The subsequent rebound reached $1366.40, inside the 60% sell window before turning sharply lower. This price action has confirmed a bearish reaction swing and completed the major TR (trend reversal) pattern.
