Sunday, January 24, 2010


GOLD GETS BASHED JUST BEFORE MIDNIGHT PST




BLUE LINE REDRAWN









THE RED DOWN FLAG RESOLVES UP




GOLD MOVES ABOVE THE 75% POINT AND PULLS BACK A LITTLE



NEXT HIGHER 75% POINT IS AT 1108.5

GOLD FINALLY BREAKS OUT OF ITS SIDEWAYS TRADING RANGE




THE RED DOWN FLAG RESOLVES UP


THE PULLBACK


NEW TREND LINES DRAWN


GOLD MOVES PAST THE SESSION HIGH AND THE NEW WHITE DOWNTREND CHANNEL TOP LINE, MAY PULL BACK BEFORE MOVING HIGHER


STOCKS, OIL FLAT
EURO RISING
BONDS, YEN DOWN A LITTLE
DOLLAR UP OFF ITS SESSION LOW

GOLD VERY SLUGGISH TO THE UPSIDE BUT STILL RISING


GOLD TESTS THE 75% POINT 3 TIMES THEN BREAKS THROUGH TO THE BLUE UPTREND LINE


GOLD RALLIES BUT STALLS


GOLD FORMING A LEDGE TO FALL FROM AS THE EURO PULLS BACK TO FILL THE OPENING GAP


GOLD PULLS BACK TO THE WHITE TOP DOWNTREND CHANNEL LINE


AND GOES LOWER

GOLD MOVES HIGHER


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR OPENS LOWER

GOLD WILL PROBABLY PULL BACK TO THE WHITE DOWNTREND CHANNEL LINE FOR SUPPORT BEFORE MOVING HIGHER


GOLD MOVES WELL ABOVE THE WHITE DOWNTREND CHANNEL TOP LINE



GOLD NEEDS TO MOVE ABOVE 1098.9
MAY GET STOPPED THERE, OR BLOW THROUGH

ONE MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO GAPS UP ON THE OPENING, MAY PULL BACK
TO FILL THE GAP

THE 75% RETRACE POINT HIGHER IS AT 1102.9


EURO GAPS UP ON THE OPENING AND CONITUES HIGHER, GOLD FOLLOWS


GOLD MOVES ABOVE THE INTERMEDIATE WHITE \
DOWNTREND CHANNEL TOP LINE. IS CONSOLIDATING
THERE NOW AND MAY MOVE HIGHER

3PM PST SUNDAY GOLD OPENS UP A LITTLE, IS ERRATIC ON LOW VOLUME


MAY BE HEADED LOWER, BUT SUNDAY OPENINGS
CAN BE QUITE ERRATIC, SO BE CAREFUL FOR AWHILE