Sunday, November 22, 2009










AT SOME POINT GOLD IS GOING TO PULL BACK IN A MAJOR WAY


GOLD IS LIKELY TO FALL STARTING AROUND
11PM PST AND AFTER MIDNIGHT PST ON PROFIT TAKING.
THE CRIMEX SESSION TOMORROW WILL PROBABLY
BASH GOLD DOWN TOO AS USUAL.
IT'S NOT LIKELY TO STAY DOWN FOR LONG, SO TAKE
ADVANTAGE OF ANY LARGE PULL BACK TO BUY IN
FOR THE RALLY TO HIGHER PRICES THAT IS INEVITABLE

HOURLY EURO CHART (delayed prices)


3 MINUTE DECEMBER DOLLAR CHART (delayed prices)


ANOTHER NEW HIGH




GOLD MOVES LOWER TO SUCCESSIVE RETRACE POINTS




A SHORT RALLY THAT MAY NOT MOVE HIGHER




FINALLY, A DECENT PULL BACK







ANOTHER NEW HIGH


3 MINUTE DECEMBER DOLLAR CHART (delayed prices)


ANOTHER NEW HIGH


ANOTHER NEW HIGH



VOLUME AT THIS TOP IS LIGHT
GOLD COULD PULL BACK

3 MINUTE DECEMBER DOLLAR CHART (delayed prices)


EURO MOVES HIGHER, GOLD FOLLOWS TO A NEW HIGH



YOU TELL ME WHICH WAY GOLD WILL MOVE NEXT


A FAKE OUT UP MOVE OUT OF THE RED DOWN FLAG...COULD STILL MOVE UP BUT MORE LIKELY WILL PULL BACK BEFORE MOVING MUCH HIGHER



WILL GOLD PULL BACK OR JUST KEEP MOVING UP?


GOLD APPROACHES THE TOP BLUE UPTREND CHANNEL LINE




GOLD PULSES UP TO A NEW HIGH ON STRONG VOLUME BREAKING OUT OF THE RED DOWN FLAG




GOLD CHOPPING SIDEWAYS IN THE RED DOWN FLAG, COULD BREAK HIGHER OR FALL ON PROFIT TAKING


THE PULL BACKS IN GOLD ARE GETTING SHALLOWER.
SO IT'S HARDER TO GET A DEEP PULL BACK TO BUY IN
IF YOU SELL THE TOPS.
SEE DAN NORCINI'S COMMENTS FROM FRIDAY ON
THE SWISS STAIR PATTERN THAT HAS FORMED.
THIS IS A VERY BULLISH PATTERN AND THE LENGTH
OF TIME BETWEEN UPWARD MOVES IS BECOMING SHORTER
BETWEEN EACH CONSOLIDATION AND UP MOVE.
GOLD IS READY TO GO BALLISTIC SOON.

SUNDAY EVENING GOLD OPENS UP TO A NEW HIGH ON STRONG VOLUME PULLS BACK INTO THE RED DOWN FLAG, RETRACES 75% BACK UP AND IS NOW RETRACING BACK DOWN


A SUDDEN UP MOVE JUST WHEN IT LOOKED LIKE
GOLD MIGHT BE MOVING LOWER ON PROFIT TAKING
IT MAY STILL.