Wednesday, September 23, 2009

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD BREAKS OUT OF THE WHITE UPTREND CHANNEL TO THE 75% RETRACE POINT


GOLD THEN PULLS BACK TO THE TOP WHITE LINE OF THE UPTREND CHANNEL FOR SUPPORT
SHOULD MOVE MUCH HIGHER SOON

GOLD BREAKS OUT OF THE RED DOWN FLAG AND RISES ABOVE THE 75% RETRACE POINT FOR THIS DOWN LEG

WE ARE ENTERING THAT TIME FRAME WHEN GOLD TRADING BECOMES MORE ACTIVE, GOLD SHOULD MOVE HIGHER SOON

SIMPLY AMAZING HOW THE TRENDLINES AND TREND CHANNELS INTERSECT SO PRECISELY SO OFTEN


THE RED DOWN TREND CHANNEL SHOULD RESOLVE UP

GOLD STILL MAKING UPWARD PROGRESS

A LARGER VIEW

GOLD RETRACES TO THE 1ST 75% POINT

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR GETS 'WOBBLY' TO THE DOWNSIDE AGAIN

GOLD RETRACES, SHOULD CONTINUE HIGHER TONIGHT

GOLD PULLS BACK TO THE TOP WHITE LINE OF THE SHORT TERM UPTREND CHANNEL FOR SUPPORT

GOLD MAY BE FINDING SUPPORT ON THE 10 DAY MOVING AVERAGE

GOLD CONTINUES HIGHER GRADUALLY ON LIGHT VOLUME WHICH IS MORE CONSTRUCTIVE THAN RAPID UP SPIKES


This type of incline does lend itself to a sudden self off the higher it goes
as traders become increasingly eager to preserve what profits they have gained on paper and want to realize by selling out.

GOLD BEGINS TO CREEP HIGHER

AND THE S&P 500 AND THE DOW FALL OFF THE CLIFF AT THE END OF THE SESSION


HOURLY CHART OF THE S&P 500

LET''S NOT FORGET CRUDE OIL


HOURLY CHART OF NOVEMBER CRUDE OIL

BONDS GOT CRAZY TOO!


15 MINUTE BOND CHART

VERY STRANGE TRADING IN THE EURO AFTER THE FOMC REPORT


5 MINUTE EURO CHART

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


OBVIOUSLY, GUV'MINT INTERVENTION CAME TO THE RESCUE AS THE DOLLAR
FELL OFF THE CLIFF

EVENENING GOLD


GOLD WILL WORKS ITS WAY HIGHER TONIGHT AND MAKE ANOTHER MOVE IN THE WEE HOURS
THEN GET SMASHED DOWN IN TOMORROWS' CRIMEX SESSION

2:15 PM PDST AFTERNOON GOLD CLOSE


GOLD STARTS BACK UP, BUT HOW FAR?

ALL MARKETS DOWN AS DOW CLOSES OFF OVER 80 POINTS



ONLY DOLLAR IS UP

GOLD MOVES LOWER

GOLD DIPS BELOW THE RED DOWN FLAG AND NOW IS TREATING THE BOTTOM LINE AS RESISTANCE



GOLD MOVES DOWN TO THE NEXT 75% RETRACE POINT

DOLLAR RISES AFTER A PLUNGE
STOCKS SELL OFF AND GO NEGATIVE ON THE DAY
OIL EDGES LOWER
EURO AND YEN FALLING BACK

GOLD CONTINUES 'WALKING' DOWN THE RED FLAG'S BOTTOM LINE AND SHOULD TURN UP WHEN IT HITS THE 75% RETRACE POINT

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR PLUNGES THEN REBOUNDS IN WILD MOVES

GOLD HOLDING AT THE BOTTOM LINE OF THE RED DOWN FLAG


Bonds holding their newly regained price level
Stocks fall
Euro falls
Oil edges a bit lower but is basically flat at the bottom of it sell off
Dollar plunges, then rebounds

GOLD HOLDS AT THE BOTTOM LINE OF THE RED DOWN FLAG WHICH COINCIDES WITH YESTERDAY'S CLOSE (AQUA BLUE LINE), A COMMON PLACE FOR GOLD TO RISE OR FALL TO

RED DOWN FLAG SHOULD RESOLVE UP, GOLD FINDING SOME SUPPORT IN THE AREA OF THE WHITE SHORT TERM TOP UPTREND LINE


GOLD CONSOLIDATING HERE AND COULD MOVE HIGHER
BONDS HAVE RECLAIMED THEIR ENTIRE LOSS PLUS A LITTLE
STOCKS UP AROUND 75 POINTS
EURO ROSE TOO BUT IS CONSOLIDATING NOW
YEN UP
OIL WENT NOWHERE AFTER ITS BIG DROP OFF
DOLLAR MOVED UP A LITTLE

GOLD RISING, DOLLAR SLIPPING

GOLD RISES WELL ON FOMC REPORT, PULLS BACK, MAY CONTINUE HIGHER


ALL OTHER MARKETS RISE TOO
EXCEPT OIL AND DOLLAR
GOLD MAY CONSOLIDATE HERE TO GAIN ENERGY TO MOVE HIGHER

ALL MARKETS TURN LOWER AHEAD OF FOMC REPORT

OIL DIPS LOWER WITH BONDS

GOLD STARTS SLIPPING AHEAD OF THE FOMC REPORT



EURO TURNING DOW A BIT
BONDS PLUNGE LOWER
STOCKS MOVING UP
DOLLAR STILL TURNING DOWN

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR FALLING
EURO RISING
GOLD FALLING?

GOLD CONTINUES TO MOVE UP AS THE FOMC REPORT RELEASE NEARS IN 20 MINUTES

GOLD CONTINUES TO RISE A BIT AFTER THE CRIMEX CLOSE, BUT MAY PULL BACK NOW

GOLD RISES AHEAD OF THE CRIMEX CLOSE


NOW TO SEE WHAT HAPPENS IN THE NEXT 45 MINUTES BEFORE THE FOMC REPORT
IS RELEASED. GOLD USUALLY GOES CRAZY WHEN THE REPORT IS RELEASED WITH GOLD
MOVING UP AND DOWN WITH TREMENDOUS VOLATILITY.

BONDS PLUNGE AFTER OIL PLUNGES

THE REAL ACTION SHOULD OCCUR AT 11:15AM PDST WHEN THE FOMC REPORT IS RELEASED

HOURLY CHART OF NOVEMBER CRUDE OIL (delayed prices)


QUITE A DROP!

RETRACEMENT POINTS ON THE WAY UP

HOURLY CHART OF THE DOLLAR (delayed prices)


THE DOLLAR RISES AS THE FOMC MEETING CONCLUDES, HOW PREDICTABLE!

THE RIGHT SHOULDER RESOLVES UP NOW

THE RIGHT SHOULDER HAS NOW FORMED AND GOLD SHOULD MOVE UP FURTHER AS THE PATTERN RESOLVES UP