Wednesday, October 21, 2009

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD MOVES UP AS EURO, STOCKS AND OIL START TO TURN UP

GOLD DROPS TO A PREVIOUS LOW

YEN AND EURO ARE CURRENTLY FALLING, BUT THAT'S TO BE EXPECTED AFTER TODAY'S METEORIC RISE IN THE EURO

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


AN EXPECTED BOUNCE IN THE DOLLAR AS THE PPT DOES EVERYTHING IT CAN
TO PREVENT A COMPLETE COLLAPSE IN THE DOLLAR
NOTICE THAT WHENEVER THE DOLLAR IS 'BOOSTED' BY INTERVENTION
IT FALLS AGAIN AND EACH 'BOOST' ONLY RISES LOWER EACH TIME.
THIS IS CALLED A DEATH SPIRAL IN ITS BEGINNING STAGES.
WHEN IT REALLY KICKS IN, THERE WILL BE NO 'BOUNCES"!

GOLD FINDING SOME SUPPORT AROUND THE 10 DAY MA

GOLD DROPS BELOW THE BLUE UPTREND CHANNEL BUT STAYS WITHING THE WHITE DOWNTREND CHANNEL WHICH RESOLVES UP


IT'S STILL EARLY IN EVENING TRADING. THE REAL ACTION
DOESN'T TAKE PLACE MUCH BEFORE 11:00PM PDST
A CRUCIAL TIME POINT IS AT 3:00AM EST TIME (MIDNIGHT PDST) ACCORDING
TO ED STEER'S RECENT EMAIL FROM CASEY RESEARCH WHICH I WILL POST
ON GOLDTRADER COMMENTS BLOG.
I'M NOT UP TO SPEED YET AFTER A GOOD SLEEP AND SOME FOOD.

2:15 PM PDST AFTERNOON GOLD CLOSE

GOLD HEADING BACK UP AS PREDICTED

RED DOWN FLAG RESOLVES UP

GOLD DROPS TO THE NEXT LOWER RETRACE POINT, NOW BACK UP

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

NORMAL PULLBACK WITHIN THE RED DOWN FLAG, NOW BACK UP EVEN HIGHER AS DOLLAR MAKES NEW LOWS

GOLD MOVING AS PREDICTED, COULD GO HIGHER


GOLD SHOULD BREAK UP AND OUT OF THE WHITE FLAG TO MUCH HIGHER PRICES

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR DROPS LIKE A ROCK
GOLD SHOULD ZOOM SOON

GOLD SHOULD BREAK OUT OF THE DOWN FLAG AND MOVE UP MUCH HIGHER

RED DOWN FLAG RESOLVES UP

GOLD RISES JUST SHORT OF THE RETRACE POINT


GOLD HITS RESISTANCE AT THE DARK BLUE DOWNTREND LINE, WILL BREAK THROUGH SOON

GOLD GETTING READY FOR A SPIKE HIGHER

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

UP, UP AND AWAY

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


CRASH GOES THE DOLLAR

NOW BACK UP EVEN HIGHER

GOLD SHOULD MOVE HIGHER AFTER THIS PULLBACK

GOLD COULD PULL BACK HERE BEFORE MOVING HIGHER

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

MARKETS MOVING VERY STRONGLY FAVORABLE TO HIGHER GOLD

GOLD MOVING HIGHER ON GOOD VOLUME

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MOVING DOWN
GOLD SHOULD START MOVING HIGHER SOON WITH THE OTHER MARKETS
MOVING IN FAVOR OF HIGHER GOLD

EURO, OIL MOVING UP FAST, STOCKS UP TOO, YEN, BONDS DOWN ALL SUPPORTIVE TO GOLD

GOLD MAY HAVE BOTTOMED HERE AND WILL MOVE HIGHER IN STEPS

GOLD MOVES UP ON GOOD VOLUME, STOCKS, OIL TURN UP


BONDS MOVE DOWN
DOLLAR TURNS DOWN

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD SHOULD MOVE HIGHER, BUT WHO KNOWS WHAT WILL HAPPEN RIGHT NOW?

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD DROPS TO THE LAST 75% RETRACE POINT, MAY RALLY NOW

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)