Sunday, December 20, 2009

GOLD MAY ONLY GO UP TO THE 75% RETRACE POINT AND TURN BACK


THE FIBONACCI RETRACEMENT POINTS CONTINUE WORKING PERFECTLY


STOCKS, OIL, EURO FALLING, GOLD MAY FOLLOW


GOLD MOVES A BIT LOWER


GOLD RETEST THE LOW PLUS A LITTLE


GOLD RALLIES FROM THE 75% RETRACE POINT ON LIGHT/MODERATE VOLUME


GOLD COULD RETEST THE RETRACE POINT OR EVEN
GO LOWER AS THIS RALLY APPEARS WEAK

GOLD MAY BE READY TO FALL OFF THIS LITTLE LEDGE


NOW BACK UP? OR LOWER?



GOLD FINDS SUPPORT ON THE WHITE UPTREND LINE NEAR THE 75% RETRACE POINT


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)




GOLD BREAKS OUT OF THE RED PENNANT TO THE UPSIDE




THIS PATTERN SHOULD RESOLVE DOWN




GOLD FORMS A $4 TRADING RANGE, COULD BREAK IN EITHER DIRECTION DEPENDING ON OTHER MARKETS' DIRECTION


EURO CURRENTLY TRENDING DOWN

GOLD MAY PULL BACK TO THE 75% RETRACE POINT BEFORE RALLYING HIGHER



GOLD CONSOLIDATES FOR A MOVE HIGHER


THE BLUE DOWNTREND CHANNEL RESOLVES UP



EURO FALLING AT THE MOMENT, GOLD FALLING
BUT COULD TURN BACK UP AT EITHER OF THE
UPTREND LINES

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD PULLS BACK CLOSE TO THE 75% RETRACE POINT, MAY NOW RALLY HIGHER IN STEPS


GOLD PULLS BACK AFTER RISING TO 1120.8, MAY FIND SUPPORT ON THE PURPLE DOWNTREND CHANNEL TOP LINE OR THE 75% RETRACE POINT


GOLD CLIMBS $6 FROM ITS OPENING LOW


SUNDAY EVENING GOLD DIPS ON THE OPEN THEN CLIMBS TO JUST ABOVE THE PREVIOUS HIGH AND STALLS




GT IS BACK TO REGULAR TRADING EFFECTIVE SUNDAY 12/20/09