Monday, October 5, 2009

GOLD PULLS BACK 75%, MAY NOW GO BACK UP TO THE HIGH OR HIGHER


HOURLY DOLLAR CHART (delayed prices) 11:55PM PDST


A NEW LOW AT .7640

DOLLAR DROPS TO .7642, EURO PULLS BACK A BIT


GOLD MAY TURN RIGHT BACK UP AND MOVE EVEN HIGHER IF DOLLAR KEEPS FALLING

HOURLY DOLLAR CHART (delayed prices) 11:10PM PDST


ANOTHER NEW LOW AT .7652

GOLD POPS HIGHER ON 1100 CONTRACTS AS EURO MAKES NEW HIGHS AND DOLLAR ANOTHER NEW LOW

GOLD STILL CONSOLIDATING IN A TRADING RANGE, MAY BREAK HIGHER IN A FEW HOURS

HOURLY DOLLAR CHART (delayed prices) 10:05PM PDST


DOLLAR PROBES A TICK LOWER TO .7657
IT DOESN'T APPEAR THAT INTERVENTION WORKS ANYMORE

LOOKING MORE AND MORE LIKE GOLD WILL CONTINUE IN THIS TRADING RANGE THEN BREAK TO THE UPSIDE LIKE THE PAST TWO DAYS

GOLD FALLS BELOW THE BLUE TRADING RANGE

THE UP CHANNELS SAY GOLD SHOULD RESOLVE DOWN, BUT THE SINKING DOLLARS SAYS GOLD SHOULD MOVE HIGHER

GOLD TRADING FRENETICALLY ON LIGHT/MODERATE VOLUME AND TESTING THE HIGH, COULD SPIKE UP OR PULL BACK HARD


EURO MAKING NEW HIGHS
DOLLAR MAKES A SLIGHTLY LOWER LOW AT .7658

GOLD TEST THE HIGH AS DOLLAR MAKES NEW LOWS IN EARLY EVENING TRADING


GOLD MAY MOVE HIGHER UP TO, OR EVEN HIGHER THAN, THE OLD HIGH AT 1025.0
OR COULD BE STOPPED THERE UNTIL TOMORROW
EURO MOVING HIGHER
GOLD TICKS A LITTLE HIGHER ON GOOD VOLUME
THEN PULLS BACK. COULD KEEP MOVING HIGHER AS EURO MOVES HIGHER
AND DOLLAR MOVES LOWER

HOURLY DOLLAR CHART


DOLLAR TAKES OUT THE PREVIOUS LOW
FALLS TO .76645

THE LARGER PICTURE...GOLD MAY TAKE OUT THE HIGH AT 1025.80


HOURLY DOLLAR CHART


DOLLAR ABOUT TO FALL BELOW THE PREVIOUS LOW AT .7668

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:47PM PDST


GOLD MAKES NEW LOWS

GOLD BACKS DOWN FROM THE NEW HIGH ON PROFIT TAKING


15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:39PM PDST

GOLD BREAKS OUT TO NEW HIGHS AS DOLLAR SLIPS LOWER

GOLD TESTS THE HIGH

GOLD IN A SIDEWAYS CONSOLIDATION BUILDING ENERGY TO MOVE HIGHER JUST LIKE TODAY DID

GOLD GOING SIDEWAYS AT THIS HOUR

2:15 PM PDST AFTERNOON GOLD CLOSE

GOLD ACTING LIKE IT WANTS TO MOVE LOWER


STOCKS UP 125, BUT MAY BE TOPPING
OIL PULLING BACK IN A DOWN FLAG
EURO PULLING BACK FROM ITS HIGHS
DOLLAR LOWER

GOLD PULLS BACK 75% THEN BACK UP 75% FORMING A DOWN FLAG


GOLD COULD DO ANYTHING THIS AFTERNOON BUT MOST LIKELY WILL GO SIDEWAYS
TO LOWER UNTIL THIS EVENING AND OVERNIGHT WHEN IT COULD GO MUCH HIGHER

GOLD STARTS FALLING FASTER

GOLD COULD PULL WAY BACK ON PROFIT TAKING FOR THE REST OF THE AFTERNOON

OVER 200 SELLERS AT 1019.00, GOLD COULD SPIKE THROUGH THEM


GOLD HAS RETESTED THE HIGH BY ONE TICK AND PULLED BACK
THIS IS TOPPING ACTION

UP VOLUME IS NOT VERY STRONG, BUT COULD BE AT ANY SECOND

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 10:46PM PDST


DOLLAR MOVES LOWER

GOLD PRICE MOVES ABOVE ALL THE MOVING AVERAGES


GOLD MAY PULL BACK NOW TO ALLOW THE AVERAGES TO FIND EQUILIBRIUM
WITH THE GOLD PRICE

GOLD BREAKS UP AND OUT OF THE WHITE INTERMEDIATE DOWNTREND CHANNEL


THIS HIGHER CLOSE WILL IMPROVE THE CHANCES OF GOLD MOVING MUCH HIGHER
AND ABOVE $1030

GOLD SHOULD PULL BACK TO THE WHITE DOWNTREND CHANNEL TOP LINE FOR SUPPORT BEFORE MOVING HIGHER



OIL MOVING UP STRONGLY
EURO AND STOCKS ARE TOPPING
BONDS MOVING DOWN

GOLD PUSHES HIGHER VERY CAREFULLY



SELLERS MOVE IN AT THE WHITE DOWNTREND LINE
EURO, STOCKS, OIL TURN HIGHER AGAIN
GOLD COULD EITHER SPIKE OR COLLAPSE BEFORE THE CRIMEX CLOSE

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 9:38AM PDST


DOLLAR MOVES LOWER

GOLD PULLS BACK A BIT THEN CREEPS UP, COULD SPIKE AGAIN IF SHORTS COVER


HARD TO CALL HERE, EURO PULLS BACK IN A DOWN FLAG, AND COULD MOVE HIGHER
OIL FLAT FOR NOW
STOCKS UP BUT TOPPING
DOLLAR FALLS MORE
GOLD IS GOING HIGHER SOON, MAYBE JUST NOT RIGHT NOW

EURO PULLS BACK, STOCKS UP A BIT, OIL OFF SOME, GOLD MAY CONSOLIDATE HERE OR PULL BACK

GOLD COULD MOVE HIGHER BUT THE VOLUME IS BACKING OFF, MAY ONLY TEST THE HIGH AND PULL BACK HERE


GOLD GOING HIGHER


UP VOLUME BUILDING WELL

GOLD SPIKES HIGHER