RT Swing Trader Blog | News
30Sep/090

December Gold

9/30/09 - Gold staged a sharp sell-off after making three consecutive higher highs September 8 thru September 17. The following sell-off caused the price to drop below the 20-day SMA, where it has posted three consecutive closes. This doesn’t bode well for a continuation of the bullish trend. Right now, I suggest standing aside to wait for the October 1st reversal swing day to give a clue to the next direction.

December Gold

December Gold

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