Wednesday, October 28, 2009

GOLD RISES BACK UP TO THE BOTTOM LINE OF THE UPTREND CHANNEL AND FINDS RESISTANCE AND PULLS BACK


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD CREEPS HIGHER BUT EXPECT A PULLBACK AT ANY TIME


HOURLY CHART OF DOLLAR (delayed prices)


GOLD RISES OFF THE LOWS TO THE PREVIOUS HIGH,


2:15 PM PDST AFTERNOON GOLD CLOSE


GOLD MAY DIP LOWER WHEN IT RE-OPENS AT 3PM PDST

GOLD MAY SLIP LOWER


STOCKS, OIL, EURO ALL DOWN PULLING GOLD DOWN
DOLLAR UP FOR NOW BUT WILL FALL SOON

GOLD PUSHED BELOW THE 50% RETRACE POINT OF THE MAJOR UP MOVE FROM 987


THE WHITE DOWNTREND CHANNEL RESOLVES UP
GOLD MAY VERY WELL BE HELD DOWN UNTIL AFTER
OPTIONS EXPIRY ON THURSDAY



RETRACEMENT POINTS ON THE WAY BACK UP


GOLD KEEPS GETTING BEATEN BACK AS EXPECTED





GOLD PLUNGES 75% AS STOCKS, OIL, EURO FALL HARD, BUT GOLD SNAPS BACK ON STRONG VOLUME







PROFIT TAKING AND SHORT MANIPULATION IS


GOING TO BE THE HABIT AS GOLD MOVES BACK UP


FOR THE NEXT FEW DAYS

GOLD SPIKES UP ABOVE THE 75% RETRACE POINT THE PULLS BACK QUICKLY ON STRONG VOLUME


GOLD LOSES UPWARD MOMENTUME, STOCKS, OIL FALLING, EURO RISING




GOLD WILL PROBABLY FALL BACK HARD NOW AS STOCKS, OIL, EURO ALL PULL BACK


STOCKS, OIL, EURO ALL FALLING



GOLD MOVING HIGHER, NEXT RETRACEMENT POINTS ABOVE


BONDS MOVING UP, STOCKS, OIL, EURO ALL STALLING, BUT GOLD IS RISING A BIT HIGHER ABOVE THE RECENT HIGH


GOLD HITS THE 75% RETRACE POINT PLUS A LITTLE
OVER 225 SELLERS AT 1035.90 BUT GOLD COULD BLAST
THROUGH THOSE EASILY


GOLD MOVING HIGHER NOW ON MODERATE VOLUME

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


STOCKS, EURO, OIL TURN BACK UP, GOLD CONSOLIDATING FOR A MOVE HIGHER, BUT HOW HIGH?


GOLD PULLS BACK BUT SNAPS RIGHT BACK UP ON DECENT VOLUME BUT DOESN'T GET PAST THE HIGH


BONDS, YEN TURN UP AS
STOCKS, EURO PULL BACK
VERY FAST MARKET
HARD TO POST USABLE INFO

GOLD GETS HIT ON THE OPEN WITH OVER 700 CONTRACTS DOWN, BUT SNAPS BACK




STOCKS, EURO HEADING HIGHER, OIL TRYING

BONDS, YEN TRY TO RISE BUT FAIL

GOLD ZIPS UP TO THE 75% RETRACE POINT
MAY PULL BACK THOUGH

FOUR TESTS OF THE LOW AT 1030.80 AND IT HOLDS, A GOOD SIGN THAT IT COULD BE A BOTTOM FOR NOW


GOLD RISING EVEN MORE THAN SHOWN HERE
AHEAD OF THE CRIMEX OPEN
STOCKS, OIL, EURO ALL TRYING TO RISE
WITH BONDS AND YEN TURNING DOWN.
GOOD FOR HIGHER GOLD
DOLLAR STILL UP TOO HIGH ON PPT INTERVENTION
AND OTHER CENTRAL BANK BUYING IN COOPERATION
WITH OUR FED RESERVE. A STANDARD TACTIC TO SAVE
A CURRENCY IN TROUBLE.

BONDS, YEN TURNING DOWN, STOCKS, EURO, OIL TURNING UP...GOOD FOR HIGHER GOLD


THE PRESSURE IS ON GOLD BY THE BULLION BANKS
IT MAY HAVE BOTTOMED HERE, BUT THIS RALLY IS
WEAK ON VOLUME. WHAT HAPPENS BEFORE, AND ON,
THE CRIMEX OPEN WILL BE SIGNIFICANT. IF GOLD IS
BASHED DOWN FURTHER, IT WILL BE A SIGN OF TREMENDOUS
WEAKNESS IN BUYERS WHICH WILL TAKE SOME TIME
TO HEAL. ALTHOUGH KNOWLEDGEABLE BUYERS KNOW
WHEN GOLD IS A BARGAIN AND SOME FUNDS SHOULD
BE MOVING INTO GOLD AT THIS LEVEL WHICH COULD
RAISE THE PRICE SUBSTANTIALLY. THE PRICE WILL BE
FOUGHT ALL THE WAY UP BY THE BULLION BANKS FOR
THE GUV'MINT

GOLD HAS BEEN BASHED DOWN BEFORE THE CRIMEX OPEN TO SHAKE THE WEAK LONGS OUT, A PRE-OPEN RALLY COULD BE ATTACKED


THE BULLION BANKS ARE VERY SERIOUS ABOUT
KEEPING GOLD DOWN AHEAD OF THE OPTIONS EXPIREY
(see the article posted on Goldtrader's Comments)
AND PROBABLY WON'T LET UP TODAY AND TOMORROW
ANY CASH PURCHASES MADE AT THIS LEVEL SHOULD BE
A BARGAIN FROM ON.

GOLD PLUNGES TO THE BOTTOM BLUE DOWNTREND CHANNEL LINE AHEAD OF THE CRIMEX OPEN









GOLD WORKING ITS WAY HIGHER, BUT FOR HOW LONG?


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD MAY BE READY TO RALLY NOW


GOLD PUSHES EVEN LOWER BUT SHOULD RALLY NOW


GOLD MOVES DOWN TO THE LAST 75% RETRACE POINT


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)





GOLD HITS ALMOST ALL THE RETRACE POINTS, NOW BACK UP