The dramatic sell-off Gold began early Tuesday morning after the market traded to a new 5-month high of $1192.80. The market hit resistance at the 1.272% Fib extentsion before the heavy selling was triggered by the debt crisis in Greece. Gold tumbled to a low of $1156.20 on Wednesday ( a projected reversal swing date) and found support at the 20- day SMA. Here is where the reversal swing date kicked in and Gold began to reverse and trade higher on the day. What does this mean for the Gold. I will have update information in the upcoming issues of the Traders Market Views Swing Trade report.
