DOLLAR RISES, EURO FALLS, GOLD DROPPING

IF THIS RALLY DOESN'T TAKE OUT THE PREVIOUS HIGHS, IT WILL MOVE LOWER

GOLD MOVES HIGHER THEN PULLS BACK TO THE WHITE TOP TREND LINE

5 MINUTE DOLLAR CHART (delayed prices)

GOLD RETRACES MORE THAN 75% BREAKING ABOVE THE DOWN FLAG, WILL IT MOVE ABOVE THE PREVIOUS TOP AT 95680?

GOLD MAY FALL TO 950 IF 95340 DOESN'T HOLD

Euro pulling back, Dow topping, Bonds slow their fall
Yen still falling but slowing
Dollar holds near its low at .7794

GOLD RALLIES TO THE PREVIOUS TOP BUT MAY FALL BACK SOME MORE

Gold pulls back as Bonds, Yen plummet, Dow rockets up 162

Dollar falls another penny to .7794.
Gold likely to make even higher highs after some more
pull back to clear the market of weak longs

GOLD PULLS BACK 50% OF THE UP SPIKE, MAY FIND SUPPORT AT THE YELLOW OR BLUE TREND LINES JUST EXCEEDED

The 75% retrace point at 950 coincides with the yellow
trend line but is also very close to the blue trend line also.
Gold may reverse sooner though. Or could fall even lower,
but that is less likely now as the ability of the manipulators
to pressure gold is being destroyed by these moves at these levels.

DAILY CHART OF TBONDS (delayed prices)

Bonds should not move above the previous high. The
bond market should collapse soon regardless of guv'mint
buying of the bonds as they have to print the money to buy
the bonds thus creating more inflation and devaluing the
interest paid on the bonds requiring a higher interest rate
to compensate and thus driving the price of the bonds down.

HOURLY EURO CHART (delayed prices)

HOURLY DOLLAR CHART (delayed prices)

GOLD SPIKES OUT OF 3 TREND CHANNELS, NEXT HIGHER RETRACE POINT AT 96350

Gold breaks out of the yellow downtrend channel passing
all but the final 75% retrace point at 96360.
Dollar falls to a low of .7894, Euro rises strongly.
Gold now pulling back in a down flag, but could pull back
a good deal on profit taking and manipulation.

GOLD MOVES HIGHER

GOLD RETRACES UP 75%, NOW SHOULD PULL BACK 75%, OR MORE

GOLD MAY YET FALL TO THE 75% RETRACE POINT AT 93680 AFTER THIS BRIEF RALLY

GOLD MOVES UP TO THE 2ND RETRACE POINT

GOLD MOVES UP TO THE 1ST RETRACE POINT

POSSIBLE RETRACEMENT POINTS

GOLD MOVES LOWER BREAKING BELOW THE WHITE UPTREND BOTTOME LINE

THE RED DOWN FLAG 'MAY' RESOLVE UP AS THE DOLLAR IS MOVING LOWER, THE EURO HIGHER

2:15PM PDST GOLD AFTERNOON CLOSE

NEW TRENDLINES DRAWN

GOLD IS MOVING LOWER AHEAD OF THE CLOSE

GOLD STILL TRADING WITHIN THE BLUE UPTREND CHANNEL, MAY SELL OFF INTO THE CRIMEX CLOSE

GOLD IS STILL WITHIN THE BLUE UP TREND CHANNEL AND COULD MOVE LOWER OUT OF IT

THIS RALLY MAY BE A FAKE OUT AS THE INDICATOR MARKETS ARE NOT SUPPORTIVE OF THE MOVE

A $2 TRADING RANGE THIS LONG IN DURATION IS RISKY TO TRADE EXCEPT IN THE DIRECTION IT SHOULD RESOLVE

This trading range appears within the blue uptrend channel
which should resolve down

HOURLY EURO CHART (delayed prices)

The reverse of the dollar chart. The down flag on the top
of the up move flag pole resolves up

HOURLY DOLLAR CHART (delayed prices)

The up flag at the end of the sell off flag pole resolves down

THE BLUE UP TREND CHANNEL RESOLVES DOWN

GOLD SLIPS BELOW THE BLUE UPTREND LINE

GOLD MAY BE BUILDING A LEDGE TO FALL FROM

This is not the typical consolidation pattern that moves higher.
When gold congests like this after a precipitous drop off,
it is a continuation of the drop off. There are several
support points just below though where gold could reverse
and rally

GOLD DROPS BELOW THE OVERNIGHT TRADING RANGE TO THE SHORT TERM WHITE UPTREND LINE

Almost a 75% pull back as soon as gold hits the Crimex session

THE YELLOW DOWN FLAG RESOLVES UP BUT THE BLUE UP FLAG RESOLVES DOWN

As long as the blue up flag resolves down and stays
above the bottom line of the yellow down flag, gold should
still be moving higher ultimately