Tuesday, September 22, 2009

GOLD HAS RETRACED 75% OF THE LAST BIG UP MOVE FROM 1014.30

INVERSE HEAD AND SHOULDERS PATTER DEVELOPING, RESOLVES UP

GOLD FALLS TO THE 75% RETRACE POINT ON LOW VOLUME

DOLLAR SINKS BACK TO ITS LOWS, GOLD TRADING SHOULD START TO PICK UP STARTING ABOUT NOW

GOLD PULLS BACK TO THE TOP RED DOWN FLAG LINE, WILL IT HOLD?

A BREAKOUT COMING? A PULLBACK TO THE TOP RED DOWNFLAG LINE, THEN BACK UP HIGHER


GOLD IS ALMOST TO THE 75% retrace point. Will it pull back and retrace down,
or keep moving higher?

DOLLAR MAKING NEW LOWS AS GOLD CONSOLIDATES IN THE RED DOWN FLAG THAT RESOLVES UP


GOLD SHOULD BECOME MORE ACTIVE IN THE NEXT HOUR OR TWO AND RISE DUE TO THE
FALLING DOLLAR

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MAKES ANOTHER NEW LOW

STOCKS, OIL, EURO MOVE LOWER

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MAKES ANOTHER LOW

A QUICK DROP TO THE PREVIOUS LOW ON LESS THAN 300 CONTRACTS, THE A RALLY BACK UP


GOLD COULD CONSOLIDATE HERE AWHILE, THEN MOVE BACK UP

EURO AND OIL PULLING BACK, GOLD MAY TOO, A LITTLE BIT

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

EURO, OIL HIGHER, GOLD MAY MOVE HIGHER

2:15 PM PDST AFTERNOON GOLD CLOSE


Gold pulled back to the blue uptrend channel at the close with an
encouraging little up tick in the last minute.
It will probably move higher when evening gold reopens

HOURLY CHART OF NOVEMBER CRUDE OIL (delayed prices)


OIL MOVES HIGHER TODAY

GOLD MOVES UP TO THE 1ST 75% RETRACE POINT AHEAD OF THE AFTERNOON CLOSE

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR IS SO WEAK, IT JUST GOES DOWN AND STAYS DOWN NOW.

GOLD TRADING GOT SO BORING I FELL ASLEEP


AFTER HITTING ITS HIGH, GOLD PULLED BACK AND HAD BEEN CHOPPING
SIDEWAYS LIKE IT USUALLY DOES IN AFTERNOON TRADING.
IT WILL PROBABLY MAKE NEW HIGHS THIS EVENING AND OVERNIGHT.
TOMORROW, WHEN THE FOMC STATEMENT COMES OUT AT 11:15PM PDST, THE MARKET
COULD GO WILD LIKE IT USUALLY DOES FOR A AN HOUR OR SO.
LAST NIGHT'S, AND TODAY'S TRADING SEEMS UNUSUALLY STRONG WITH ALL
THE MEETINGS (G20, FOMC, UN) THIS WEEK. BUT GOLD DOES WHAT IT WANTS
WHENEVER IT NEEDS TO MOVE UP (OR DOWN!)

GOLD SELLS OFF, BUT SHOULD MOVE BACK UP SOON

OIL MOVING HIGHER, EURO TURNING UP

GOLD PULLS BACK WHEN IT DOESN'T MOVE UP FAST ENOUGH


EURO STILL RISING
OIL NEAR ITS HIGHS
DOLLAR UP A LITTLE BUT NO BIG RISE
GOLD SHOULD TURN BACK UP AND MOVE HIGHER SOON

EURO MOVING HIGHER, OIL UP, STOCKS UP GOLD COULD SPIKE ANY MINUTE NOW

NO BIG SELL OFF ON THE CRIMEX OPEN, A PULL BACK AFTER A NEW HIGH, NOW MOVING BACK UP


BEFORE THE CRIMEX OPEN, GOLD MOVING UP A BIT

A LARGER VIEW

DOLLAR STILL NEAR ITS LOWS, SHOULD MAKE GOLD MOVE HIGHER ON THE OPEN


STOCKS UP WITH OIL AND THE EURO BUT ALL MOVING SIDEWAYS
THEY AREN'T DRAGGING GOLD DOWN FOR NOW

THIS IS NOW PRE-CRIMEX OPEN TRADING AND ANYTHING COULD HAPPEN, ALTHOUGH GOLD IS HOLDING STRONG FOR NOW

HOURLY CHART OF THE DOLLAR (delayed prices)


DOLLAR MAKES A NEW LOW BY ONE TICK

GOLD BREAKS OUT OF THE RED DOWN FLAG, COULD MOVE HIGHER


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR FALLS MORE, EXPECT A BOOST FROM THE PPT BEFORE THE CRIMEX OPEN

EURO, OIL HEADING HIGHER AFTER A SMALL PULLBACK, GOLD BREAKING UP AND OUT OF THE RED FLAG



15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR ON ITS NEW LOWS

GOLD GETTING READY TO SPIKE, EURO MAKING NEW HIGHS

GOLD HEADING MUCH HIGHER, MAYBE BEFORE THE CRIMEX OPEN


EURO MAKING NEW HIGHS

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

STOCKS AND EURO ARE 'FLAGGING' AND SHOULD MOVE HIGHER, GOLD'S RED DOWN FLAG RESOLVES UP

HOURLY CHART OF THE DOLLAR (delayed prices)

EURO STILL MOVING UP, DOLLAR FALLING, GOLD SHOULD CONTINUE HIGHER

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR PLUNGING

GOLD CONTINUES MOVING HIGHER, NOW APPROACHING THE FINAL 75% RETRACE POINT AT 1018.40

GOLD BREAKS HIGHER OUT OF THE WHITE DOWNTREND CHANNEL



STOCKS, OIL, EURO ALL MOVE HIGHER STRONGLY

GOLD CREEPS HIGHER