LOOKS LIKE GOLD IS HEADED BACK UP

30 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD SHOULD CONTINUE HIGHER MEETING RESISTANCE POINTS ALONG THE WAY AT PREVIOUS HIGHS AND THE RETRACE POINTS

GOLD MOVES UP TO THE 1ST 75% POINT, WILL NOW PULL BACK TO ONE OF THE 75% RETRACE POINTS, THEN BACK UP IN THE 2ND LEG TO THE UPSIDE

GOLD PULLS BACK TO THE 1ST RETRACE POINT...SHOWS STRENGTH IN GOLD AS IT
MOVES BACK UP ABOVE THE LAST HIGH

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD FALLS EXACTLY TO THE BOTTOM BLUE DOWNTREND LINE JUST BELOW THE 75% RETRACE POINT AND STARTS BACK UP

GOLD NEARS THE 75% RETRACE POINT AT 1001.20

GOLD FALLS TO THE BLUE LOWER DOWNTREND CHANNEL LINE ON 600 CONTRACTS

BACK TO THE BOTTOM

GOLD CONTINUES TO FIND SUPPORT NEAR THE LOWS

GOLD'S 2ND LEG BACK UP AFTER A NORMAL PULLBACK

GOLD RETESTS THE LOW

GOLD RETRACES TO THE 1ST 75% POINT

AND THE 2ND RETRACE POINT

EURO, STOCKS, OIL MOVE HIGHER, DOLLAR LOWER, GOLD PULLS BACK AT BIT, THEN HIGHER

A PULL BACK TO THE SHORT TERM BLUE DOWNTREND LINE IS NORMAL AS GOLD
SEARCHES FOR SUPPORT

THE NEXT HIGHER 75% POINT

GOLD MOVES UP TO THE 75% RETRACE POINT AND FILLS THE OPENING GAP, NOW A PULL BACK, THEN HIGHER

GOLD ALSO BREAKS THROUGH THE SHORT TERM BLUE DOWNTREND LINE

GOLD BREAKS OUT AND MOVES HIGHER ON LIGHT VOLUME

5 MINUTE DECEMBER EURO CHART (delayed prices)

EURO IS RISING NOW AFTER A BRIEF SELL OFF ON THE OPEN

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

DOLLAR RISING A BIT, PROBABLY WITH HELP FROM THE PPT

GOLD PULLS BACK AND MAY HIT THOSE BUY ORDERS WHICH SHOULD PUT SOME SUPPORT UNDER GOLD

ALSO, REMEMBER...IT TAKES SELLERS TO PUSH THE MARKET DOWN TO HIT THOSE BUY ORDERS.
GOLD COULD JUST KEEP MOVING DOWN TOWARDS THE 75% POINT BEFORE RALLYING.
IMPORTANT TO KNOW:
THE MANIPULATORS CAN PUT IN ANY NUMBER OF BIDS THAT WILL SHOW UP ON THE PRICE
DISPLAY ON THE LEFT AS POTENTIAL BUY ORDERS. THEN, THE LAST MINUTE THEY CAN PULL
THOSE ORDERS AND LET GOLD FALL THROUGH THAT PRICE LEVEL AS INEXPERIENCED TRADERS
PUT IN MARKET ORDERS TO GRAB GOLD AND WIND UP GETTING FILLED AT WHATEVER RIDICULOUS LOW BID IS OPEN MUCH LOWER. THAT'S GOOD FOR THE BUYER, BECAUSE HE GETS A BETTER PRICE, BUT IS ALLOWS THE SHORT MANIPULATOR TO COVER HIS SHORT POSITION AT A LOWER PRICE AND MORE PROFIT.

230 BUYERS WAITING TO GET IN AT THE LOW AT 1004.70

SOME PULL BACK ON LIGHT VOLUME ON THIS WEAK RALLY

GOLD STARTS INCHING HIGHER AFTER HITTING THE BLUE DOWNTREND LINE AND FINDING SUPPORT

THE NEW UPTREND CHANNEL/UP FLAG COULD ALSO RESOLVE DOWN TOO.
IT'S JUST TOO SMALL A RALLY TO KNOW AT THIS POINT.

SUNDAY EVENING GOLD OPENS GAP DOWN

Gold could easily move down to the 75% point at 1001.20 before rallying.
It WILL move up to fill in the opening gap, and maybe very soon today.
This sell off (less than 1000 contracts) is probably due to traders
who think the IMF gold they 'threaten' to sell this week will actually
make it to the ope market.
NOT A CHANCE IN HELL!
It will be gobbled up by the Chinese and/or Russians in one purchase.
Friday's sell off at the end was nothing more than the manipulators
pushing gold down to affect the data for the week when the black boxes
use it for analysis so it will push the results into sell mode.
If it does, it will only be for a brief moment as buyers jump on gold
for a safe haven buy as the dollar plummets to hell's darkest depths.