Wednesday, January 13, 2010

GOLD FINALLY MAKES A MOVE ABOVE THE TOP RED LINE BUT IS STOPPED AT A PREVIOUS HIGH


A PULL BACK, THEN HIGHER OVERNIGHT?

GOLD IS DOING NOTHING SO FAR


GOLD STILL TRADING IN THE RED DOWNTREND CHANNEL, SHOULD RALLY IN THE NEXT HALF HOUR OR SO


THE FOREIGN MARKETS START GETTING MORE ACTIVE
CLOSE TO 11PM PST AND MIDNIGHT PST, THEN AT
IRREGULAR TIMES DURING THE WEE HOURS.
GOLD MIGHT STAIR STEP HIGHER OVERNIGHT

GOLD RISES TO THE 75% POINT


GOLD SHOULD BE RALLYING FROM HERE BUT IS TAKING A LONG TIME TO DO IT


GOLD MANAGES TO NOT FALL, IT NEEDS TO STAY ABOVE THE TOP RED DOWNFLAG LINE TO MOVE HIGHER


LOOKS LIKE TRADERS ARE GIVING UP ON GOLD MOVING HIGHER FOR NOW




5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES LOWER. SHOULD HELP GOLD RISE

GOLD CONTINUES TO CONSOLIDATE IN THE RED DOWN FLAG, SHOULD MOVE HIGHER EVENTUALLY


THE LONGER IT TAKES GOLD TO BREAK OUT OF THE
RED DOWN FLAG, THE MORE LIKELY IT IS FOR IT
TO FALL OUT OF THE PATTERN AND MOVE LOWER
DUE TO IMPATIENT TRADERS BAILING OUT

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES A BIT LOWER

THE RED DOWN FLAG SHOULD RESOLVE UP, BUT GOLD MAY NEED TO GO DOWN SOME BEFORE IT CAN RALLY HIGHER


GOLD PROBABLY GOING LOWER HERE


GOLD PULLS BACK


THE NEXT HIGHER 75% RETRACE POINT IS 1148.3


GOLD HITS THE 75% POINT PLUS A LITTLE, NOW A PULL BACK, THEN MAYBE HIGHER


GOLD MOVES HIGHER ON STRONG VOLUME FOR THIS TIME PERIOS


GOLD DOES MOVE HIGHER, MAY HIT THE 75% POINT JUST ABOVE


GOLD MAY MOVE HGHER, BUT NOT FOR SURE


3PM PST AFTERNOON GOLD OPEN


GOLD MOVES HIGHER ON THE OPEN

2:15PM PST AFTERNOON GOLD CLOSE




GOLD PULLS BACK FROM THE TOP OF THE RED TRADING RANGE AS THE FED BEIGE BOOK IS ABOUT TO BE RELEASED ON THE HOUR




GOLD RALLIES IN THE LAST MINUTES OF THE CRIMEX CLOSE


GOLD TAPS THE HIGH OF THE RED TRADING RANGE
ON THE CRIMEX CLOSE

STOCKS, OIL, YEN, EURO ALL MOVE LOWER, GOLD FOLLOWS INTO THE CRIMEX CLOSE


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR PULLS BACK

GOLD STARTS TO SELL OFF FAST AHEAD OF THE CRIMEX CLOSE


GOLD NOW PULLING BACK AFTER A TERRIFIC RALLY BACK TO THE TOP OF THIS TRADING RANGE


AS WE GET CLOSER TO THE CRIMEX CLOSE, YOU
SHOULD SEE GOLD SELL OFF MORE,
WE MAY SEE A GOOD RALLY IN THE AFTERNOON
SESSION AFTER THE CRIMEX CLOSE

GOLD MOVES MUCH HIGHER AND IS NEARING THE RED LINE AT THE TOP OF THIS TRADING RANGE


GOLD HITS THE 75% RETRACE POINT PLUS A LITTLE, A PULL BACK HERE THEN HIGHER?


GOLD MOVES HIGHER


GOLD ABOUT TO START ITS 3RD LEG HIGHER


GOLD RALLIES WELL, SHOULD KEEP GOING


GOLD PULLS BACK FAIRLY DEEP, SHOULD RALLY SOON


GOLD SHOULD CONTINUE HIGHER HERE


GOLD PULLING BACK FROM THE FIRST LEG UP OF THE RALLY OFF THE LOW


GOLD COULD RETEST THE LOW BEFORE RE-RALLYING


GOLD STILL MOVING LOWER


GOLD MOVES EVEN LOWER, THE NEXT 75% RETRACE POINT IS 1105.7




GOLD SHOULD RALLY FROM HERE


GOLD MOVES A LITTLE LOWER


GOLD COULD MOVE LOWER OR RALLY FROM THIS POINT


BUYERS STARTING TO SHOW UP AROUND 1127 IN
SOME QUANTITY

GOLD HITS THE 75% RETRACE POINT PLUS A LITTLE, COULD RALLY FROM HERE OR MOVE DOWN TO THE YELLOW AND RED LINES




GOLD STILL GOING TO MOVE LOWER


LARGE RED UP FLAG/UPTREND CHANNEL COULD RESOLVE LOWER







5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES UP A LITTLE