Tuesday, January 5, 2010
15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)
DOLLAR HAS FORMED A SHORT TERM INVERSE
HEAD AND SHOULDERS PATTERN THAT RESOLVES UP
A SHALLOW RETRACE AFTER A GOOD RUNUP, NOW A SLUGGISH RALLY
LIGHT VOLUME ON THIS CURRENT RALLY, BUT
GOLD COULD MOVE HIGHER GRADUALLY AS IT HAS
IN RECENT EVENING TRADING
GOLD RALLIES TO THE YELLOW TOP LINE OF THE UPTREND CHANNEL
GOLD BREAKS ABOVE THE TOP LINE OF THE MORE
DOMINANT WHITE DOWNTREND CHANNEL. MAY
MOVE HIGHER IF IT CAN GET SOME MOMENTUM AND
VOLUME TO BUILD ON
AFTER INITIALLY FALLING IN EARLY EVENING GOLD TRADING, GOLD HAS RETRACED 75% OF THAT DOWN LEG
GOLD IS NOW PULLING BACK BEFORE POSSIBLY
MOVING HIGHER THIS EVENING.
GOLD COULD MOVE HIGHER OVERNIGHT IF THE
GOLD BASHERS DON'T MOVE IN AGAIN LIKE LAST NIGHT
AROUND MIDNIGHT PST
GOLD SINKS BACK TO MONDAY'S CLOSE PRICE
GOLD HAS MOVED UP SINCE MONDAY'S CRIMEX CLOSE,
PULLED BACK BELOW MONDAY'S CLOSE (turquoise blue line)
DIPPED BELOW IT IN TODAY'S AFTERNOON TRADING,
CLIMBED BACK ABOVE IT A BIT, AND IS NOW CLOSING
THIS AFTERNOON'S TRADING RIGHT ON IT.
GOLD IS RIGHT BACK WHERE IT ENDED YESTERDAY
ON THE CRIMEX CLOSE.
STOCKS, OIL, EURO TURN BACK UP ON A DIME, GOLD FOLLOWS ON STRONG VOLUME
GOLD STALLS AT THE 1ST RETRACE POINT
STOCKS, OIL FALLING MORE, BUT GOLD JUMPS UP ON 553 CONTRACTS
GOLD PULLS BACK AFTER THE JUMP UP THEN GOES
BACK UP ON MODERATE VOLUME
5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)
DOLLAR CONTINUES TO TRADE ERRATICALLY
BUT A BIT HIGHER
OIL JUMPS 50 CENTS, GOLD RALLIES BRIEFLY BUT STALLS, OTHER MARKETS RISING SOME
GOLD FALLING BACK AFTER THE FALSE RALLY
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