Friday, July 31, 2009

GOLD RALLIES TO THE 1ST 75% RETRACE POINT ON GOOD VOLUME


Gold also finds the expected resistance at the
bottom white uptrend line of the uptrend channel
just violated. A shallow pull back, and higher we go.
Not nearly as much strength as I would hope to see
this morning, but the shorts have turned us all into
short term minute to minute traders. We're not even
'day' traders anymore due to all the manipulation.