Wednesday, July 29, 2009

5 MINUTE DOLLAR CHART


OIL AND EURO ATTEMPTING TO TURN UP


GOLD CREEPING HIGHER ON LIGHT VOLUME AFTER SOME STRONG VOLUME BUY IN AT THE BOTTOM


This rally will not go too much higher without a pull back,
a re-test of the lows and maybe a quick drop lower before
the main rally occurs.

GOLD ATTEMPTING TO MAKE A BOTTOM HERE


5 MINUTE DOLLAR CHART


OIL AND EURO FALLING HARD, DOLLAR MAKES NEW HIGHS


OIL FALLING HARD


No good reason for this little low volume gold rally except
for some dip buyers grabbing a low price

EURO, OIL, DOW, FALLING


HOURLY S&P CHART


HOURLY CRUDE OIL CHART


HOURLY YEN CHART


HOURLY BOND CHART


5 MINUTE EURO CHART


5 MINUTE DOLLAR CHART


GOLD JUMPS A LITTLE, BUT ALL THE INDICATOR MARKETS ARE BEARISH FOR GOLD


Dollar still strong, currently just under its highs at .7938

GOLD FALLS BACK


5 MINUTE DOLLAR CHART


DOLLAR RISING STRONGLY, GOLD COULD FALL FURTHER


Dow climbing, other markets barely moving

5 MINUTE DOLLAR CHART


NEW TREND LINES DRAWN


GOLD RALLY STOPS SHORT OF 75% AND FALLS BACK


ALL INDICATOR MARKET FALLING, GOLD HEADS LOWER


Gold falls below both the blue and red downtrend channels

DOW, OIL, EURO FALLING, DOLLAR LOWER


Gold falls to the 75% retrace point, may go much lower

GOLD MANAGES TO RALLY TO THE 1ST 75% RETRACE POINT ON LIGHT VOLUME


WEAK GOLD RALLY ON LIGHT VOLUME, GOLD WILL PROBABLY MOVE LOWER


Bonds are moving higher, but the rest of the Indicator
markets are barely moving and are not helping gold rise

5 MINUTE DOLLAR CHART


YEN TURNING DOWN, EURO TURNING UP, COULD HELP RALLY GOLD


Gold is sitting precariously on a small ledge which it could
fall from

THERE ARE BUYERS AT THIS LEVEL AND THE DOLLAR IS SLIPPING LOWER


If gold doesn't move higher right now, impatient longs
may sell out. Volume is very light

5 MINUTE DOLLAR CHART


GOLD FINDING TEMPORARY SUPPORT AT 9358, BUT THE RALLIES ARE VERY WEAK ON LOW VOLUME


Bonds and Yen rising, not good for gold
The other Indicator markets are not supportive of gold
right now and are quite quiet.
Dollar is staying up near its highs but is off a bit

GOLD RETESTING THE LOWS, THE SHORTS MAY PILE ON NOW


VOLUME IS VERY LIGHT ON THIS PULL BACK TO THE 2ND 75% RETRACE POINT


Dollar is slipping from its highs

OIL, DOW AND EURO ALL SUDDENLY TURN LOWER, DOLLAR HIGHER


The pull back was shallow and gold rallied out of it rather
quickly. Volume is still way too light to show any conviction
by buyers

OPENING RALLY ON LIGHT VOLUME EXCEEDS 2ND 75% RETRACE POINT, STALLS AT TOP WHITE UPTREND LINE


Gold moves above the blue downtrend line...good, but
is stalling at the top white uptrend line...not so good.
Not pulling back immediately is a good sign, but volume
is very light. A pull back, then another rally may take it
higher

OIL AND EURO TURNING UP A BIT, DOLLAR UP A BIT MORE

WEAK PRE-OPEN RALLY ON LIGHT VOLUME IS STALLING HERE


HOURLY DOLLAR CHART FOR PERSPECTIVE


RETRACEMENT POINTS IF GOLD MOVES UP FROM HERE


A PRE-OPEN RALLY ON LIGHT VOLUME COMPRISED OF BARGAIN BUYERS


GOLD BEING PRESSURED LOWER ON LIGHT VOLUME BEFORE THE CRIMEX OPEN


At least gold continues to make higher lows, but the volume
has been light all night. Gold may have a surprise rallyat
any minute before the Crimex open, but the Indicator markets
are not supportive of gold right now.
Euro, Yen, Oil are all down
Dollar up
Things could change in a flash with gold down like this.
This is when buyers move in.

DOLLAR IS HIGHER PUTTING DOWN PRESSURE ON GOLD


GOLD HAS HAD THREE SUCCESSIVELY HIGHER LOWS, BUT THE SHORT TERM WHITE UPFLAG RESOLVES DOWN


The blue down flag, a more superior pattern resolves up.
As long as the white up flag lower line isn't violated, then
the blue down flag could begin to look weak.
Euro is weak, Dollar is higher
All appears due to the usual manipulation at the Crimex
Gold could move lower after such a big sell off yesterday.
On the other hand, gold is a bargain right now and may
attract buyers on this dip. We'll just have to wait and see
what happens.

Tuesday, July 28, 2009

COMPUTER VIRUS ALERT

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