STOCKS, OIL, EURO STILL TRENDING UP SLIGHTLY
A PULL BACK WOULD BE NORMAL AFTER GOLD HIT
THE 75% RETRACE POINT ON THE RALLY
Thursday, November 12, 2009
GOLD MAY RALLY AHEAD OF THE CRIMEX OPEN
OFTEN GOLD WILL RALLY AHEAD OF THE CRIMEX OPEN
ONLY TO FADE JUST BEFORE THE OPEN OR WHEN
THE SESSION BEGINS
STOCKS, OIL, EURO BEGINNING TO TURN UP
GOLD RALLYING AFTER A QUICK SELL OFF TO THE RETRACE POINT
GOLD NEEDS TO BUILD A BASE HERE TO MOVE
HIGHER, BUT ALL THE INDICATOR MARKETS ARE
NEGATIVE TO GOLD RIGHT NOW. THEY ARE ALL
DOWN INCLUDING BONDS AND YEN.
ONLY DOLLAR IS UP
Wednesday, November 11, 2009
NEW GOLD HIGHS, THEN GOLD GETS HIT AND DROPS FAST
DOWN VOLUME IS MODERATE BUT GOLD DROPS
QUICKLY ON PROFIT TAKING WHEN GOLD DOESN'T
RISE FAST ENOUGH AFTER THE 1ST PULLBACK
GOLD HAS RISEN SO MUCH THAT TRADERS ARE GOING
TO BE QUICK TO TAKE PROFITS IF IT DOESNT' KEEP
RISING
THE WHITE UPTREND CHANNEL COULD RESOLVE LOWER BEFORE THE RED DOWN FLAG RESOLVES UP
GOLD IS NEAR ITS HIGHS, SO THERE MAY BE SOME
PROFIT TAKING BEFORE MOVING HIGHER
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