Friday, August 21, 2009

GOLD PULLS BACK 50% OF THE UP SPIKE, MAY FIND SUPPORT AT THE YELLOW OR BLUE TREND LINES JUST EXCEEDED


The 75% retrace point at 950 coincides with the yellow
trend line but is also very close to the blue trend line also.
Gold may reverse sooner though. Or could fall even lower,
but that is less likely now as the ability of the manipulators
to pressure gold is being destroyed by these moves at these levels.