Sunday, August 30, 2009



POSSIBLE RETRACEMENT POINTS ON THE WAY UP


GOLD IS ON ITS WAY BACK UP


15 MINUTE DOLLAR CHART (delayed prices)


TURQUOISE UPTREND LINE REDRAWN, GOLD IS STARTING TO BUILD A BASE HERE, BUT COULD FALL IF IT DOESN'T DO IT QUICKLY


GOLD BREAKS BELOW THE TURQUOISE UPTREND LINE AND DROPS TO THE 75% RETRACE POINT, MAY RETRACE WELL NOW


Stocks and Oil bottoming, Yen topping, Euro may rise now.
Dollar rising some, but may not affect gold's rise too much.
Gold is in a good position to rise 75% from here

GOLD MAY MOVE LOWER, DOW, OIL, EURO DOWN, DOLLAR HOLDING


15 MINUTE DOLLAR CHART (delayed prices)



GOLD NEAR THE LAST 75% RETRACE POINT, SHOULD PULL BACK BEFORE MOVING HIGHER


A LARGER VIEW


GOLD KEEPS MOVING UP TO SUCCESSIVELY HIGHER HIGHS




15 MINUTE DOLLAR CHART (delayed prices)


RED DOWN FLAG LINES REDRAWN, GOLD MOVES HIGHER, MAY FIND SUPPORT ON THE TOP RED LINE


GOLD MOVES UP ON THE SUNDAY EVENING OPEN


Gold moves up through several 75% retrace points, then
pulls back, possibly to 95690 (75%), which also coincides
with the red down trend top line that was just exceeded
and which could offer a support area for another rally