Tuesday, January 19, 2010

GOLD HITS THE PREVIOUS LOW JUST MINUTE BEFORE MIDNIGHT PST WHEN GOLD USUALLY MAKES SOME BIG MOVES


NO BIG BLOCKS OF BIDS SHOWING HERE YET

GOLD MAKING NEW LOWS, BUT MAY MOVE UP ANY MOMENT AS THE FOREIGN MARKETS BECOME ACTIVE


GET READY FOR GOLD TO RALLY NEAR MIDNIGHT PST IN ONE HALF HOUR


GOLD BATTLE HERE AT THE LOW AS CONTRACTS CHANGE HANDS BEFORE GOLD RALLIES OR PLUNGES MORE


GOLD ALMOST ALWAYS RETESTS THE LOW AND/OR GOES A LITTLE LOWER BEFORE THE MAIN RALLY



VERY LIGHT VOLUME ON THIS BOUNCE OFF THE LOW
SO FAR

GOLD DROPS TO THE YELLOW UPTREND CHANNEL LOWER LINE


GOLD DROPS TO THE YELLOW UPTREND CHANNEL LOWER LINE


GOLD KEEPS SLIPPING LOWER


240 MINUTE MARCH 2010 T BOND CHART (delayed prices)


BONDS RISING

DAILY EURO CHART


EURO MAKES NEW LOWS

60 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MAKING NEW HIGHS

GOLD FALLS TO THE 75% RETRACE POINT AS STOCKS,EURO, YEN, OIL FALL




GOLD HAS RETRACED TO THE 61.8% OF THE LAST UP MOVE


GOLD NEARS THE 75% RETRACE POINT, COULD RALLY FROM THERE




GOLD FALLS TO A 75% RETRACE POINT WHERE BUYERS MOVE IN ON GOOD VOLUME, MAY FALL FURTHER




5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)



DOLLAR SPIKES HIGHER DRIVING EURO AND GOLD
DOWN

GOLD MOVES LOWER BUT STILL WITHIN THE RED DOWN FLAG




THE RED DOWN FLAG PATTERN RESOLVES UP, BUT MAY NOT




5:20PM PST GOLD FALLS AS STOCKS AND EURO FALL SUDDENLY



GOLD FALLS $4 SUDDENLY WITH 2 MINUTES OF
STRONG VOLUME OF ABOUT 500 CONTRACTS/MIN
AS STOCKS AND EURO FALL

GOLD MOVES DOWN AFTER THE CRIMEX CLOSE


GOLD IS CONSOLIDATING IN THIS FLAG PATTERN AND SHOULD SUDDENLY RALLY UP TO THE NEXT 75% POINT OR EVEN HIGHER


GOLD BREAKS OUT BUT THE OTHER MARKETS AREN'T CONFIRMING THIS MOVE AND GOLD IS STOPPED AT THE BLUE UPTREND TOP LINE


GOLD MAY BREAK HIGHER OUT OF THIS RED DOWN FLAG


GOLD RALLIES $8 ON VERY STRONG VOLUME


ABSOLUTELY NO INDICATION OF THIS RALLY
BEFOREHAND

GOLD DOES RESOLVE UP OUT OF THE RED DOWN FLAG


15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES EVEN HIGHER

GOLD MAY MOVE HIGHER OUT OF THE RED DOWN FLAG


GOLD DOES A SURPRISE RALLY UP TO THE BLUE DOWNTREND CHANNEL LINE


GOLD PULLS BACK TO THE 75% RETRACE POINT THEN RALLIES A BIT



HARD TO TELL WHERE GOLD MIGHT GO THE REST
OF THE CRIMEX SESSION. EURO IS DOWN, DOLLAR
STAYIN UP, STOCKS UP

GOLD MAY JUST TRADE IN A RANGE THE REST OF THE CRIMEX SESSION AS USUAL


GOLD JUMPS UP TO A 75% POINT BUT PULLS BACK QUICKLY


GOLD FALLS OUT OF THE RED UP FLAG AS EXPECTED




RED UP FLAG MAY RESOLVE LOWER. BE CAREFUL HERE




GOLD MAY RETEST THE LOWS BEFORE ANOTHER GOOD RALLY


GOLD PULLS WAY BACK


GOLD PULLS BACK FOR ANOTHER RUN UP HIGHER MAYBE


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR PULLS BACK

NEXT HIGHER 75% RETRACE POINT IS AT 1141.6


STOCKS MOVE UP STRONGLY GOLD FOLLOWS


GOLD HITS THE TOP 75% RETRACE POINT FOR THIS LEG UP
NOW A PULL BACK?

GOLD COULD JUMP HIGHER OUT OF THIS RED DOWN FLAG AS STOCKS ARE STILL UP


EURO AND OIL HAVE PAUSED BUT NOT FALLEN