Summary

Gold went up today to a high of $1,477.50 and that satisfied the criteria to go short the market according to the VC PMI.

The gold market appears to be entering a bearish trend momentum, activating the targets of $1,463 to $1,454.

Let’s see if we get the target of $1,465 on the short trade from 1,488, with our stop at $1,487.

I do much more than just articles at Mean Reversion Trading: Members get access to model portfolios, regular updates, a chat room, and more. Get started today »

Read more …