Sunday, October 18, 2009

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR ATTEMPTS A RALLY BUT QUICKLY FAILS

GOLD MOVES HIGHER STRONGLY ON MODERATE VOLUME FOR THIS TIME PERIOD


EURO,STOCKS, YEN MOVING HIGHER
BONDS, OIL FLAT
DOLLAR ATTEMPTS TO RISE BUT FALLS BACK QUICKLY
MAY HAVE FALLEN FARTHER THAN MY DELAYED PRICES ARE SHOWING

GOLD DROPS ON 300 CONTRACTS BUT RALLIES QUICKLY



SHOWS GREAT STRENGTH IN GOLD. VERY POSITIVE AT THIS HOUR
BUT GOLD WILL PROBABLY PULL BACK SOON AS IT APPROACHES THE
75% POINTS ABOVE

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD CONTINUES MOVING HIGHER GRADUALLY


STOCKS AND EURO MOVING HIGHER GRADUALLY

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD BREAKS OUT OF THE WHITE DOWNTREND CHANNEL UP TO THE TOP LINE OF THE BLUE UPTREND CHANNEL


EURO MOVES HIGHER

DAILY CHART OF DOLLAR (delayed prices


FOR PERSPECTIVE

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD MOVES BACK UP ON GOOD VOLUME BUT COULD RETEST THE LOW OR DROP LOWER TO THE 75% POINT SHOWN

GOLD FALLS AS EURO, OIL, STOCKS, YEN ALL FALL



GOLD MAY BE BOTTOMING HERE

GOLD DROPS TO FRIDAY'S CLOSE PRICE, BLUE TRENDLINE ADJUSTED TO INCLUDE NEW LOW



EURO DOWN
DOLLAR UP
GOLD COULD MOVE LOWER

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD CREEPING HIGHER, BUT COULD DROP OUT OF THE BLUE UP FLAG

GOLD PULLS BACK BEFORE MOVING UP TO THE NEXT 75% POINT AT 1061


WILL GOLD PULL BACK, OR MOVE HIGHER?



GOLD HITS THE NEXT HIGHER 75% RETRACE POINT EXACTLY AND PAUSES HERE
COULD CONSOLIDATE AND MOVE HIGHER IF IT DOESN'T PULL BACK SOME
OIL AND EURO MOVING HIGHER
BONDS, YEN DOWN

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD BREAKS UP AND OUT OF THE RED AND BLUE DOWN TREND CHANNELS AS EXPECTED AND ABOVE THE 75% RETRACE POINT

SUNDAY EVENING GOLD OPENS DOWN BUT NOW MOVING HIGHER



ALL THE DOWN FLAGS/TREND CHANNELS SHOULD RESOLVE UP