Friday, August 21, 2009

GOLD SPIKES OUT OF 3 TREND CHANNELS, NEXT HIGHER RETRACE POINT AT 96350


Gold breaks out of the yellow downtrend channel passing
all but the final 75% retrace point at 96360.
Dollar falls to a low of .7894, Euro rises strongly.
Gold now pulling back in a down flag, but could pull back
a good deal on profit taking and manipulation.