Tuesday, December 1, 2009

200 BUYER WAITING AT 1196


GOLD WILL PROBABLY NOT FALL BELOW THE
75% RETRACE POINTS SHOWN. GOLD COULD MOVE
HIGHER AT THIS HOUR AS IT HAS TWICE BEFORE IN
RECENT WEEKS

GOLD MOVES UP IN EARLY EVENING TRADING ON VERY LIGHT VOLUME


2:15PM PST AFTERNOON GOLD CLOSE



HOURLY DECEMBER DOLLAR CHART (delayed prices)


DOLLAR APPROACHING ITS LOWEST LOW

GOLD RISING ON LOW VOLUME




GOLD MAY MOVE LOWER ON PROFIT TAKING


GOLD RETRACES 75% OF THE LAST UP MOVE


GOLD PULLS BACK ON PROFIT TAKING


GOLD BLASTS HIGHER ON 4,100 CONTRACTS IN ONE MINUTE THEN PULLS BACK QUICKLY




GOLD MOVES HIGHER


GOLD WILL PROBABLY TAKE ONE OR TWO MORE
TRIES TO SOLIDLY PIERCE $1200

GOLD MOVES ABOVE THE WHITE DOWNTREND CHANNEL


THE NEXT LOWER 75% RETRACE POINT




GOLD RETRACES 75% OF THE LAST UP MOVE


GOLD RALLIES STRONGLY UP TO THE 75% RETRACE POINT




THE WHITE DOWNTREND CHANNEL RESOLVES UP


LONGS MAKE HEADWAY BUT SELLERS TAKE SOME OF IT BACK


LONGS FIGHT BACK AFTER A 2ND DIP A LITTLE LOWER


A 2ND DIP TO THE 75% RETRACE POINT AND GOLD RALLIES BACK UP


WEAK LONGS GIVE IN TO THE SELLING PRESSURE BUT FIND A LOW AND MOVE BACK IN


NEW RED DOWN FLAG, GOLD CONSOLIDATING TO SPIKE HIGHER?


GOLD STRUGGLING TO MOVE HIGHER OUT OF THE NEW RED DOWN FLAG


GOLD FAILS TO MOVE HIGHER, SO IT IS FALLING AS DISCOURAGED LONGS GIVE IN TO THE BULLION BANKS SELLING PRESSURE


A GOOD BUY IN OPPORTUNITY ON THIS DIP

GOLD DOES SPIKE UP ON STRONG VOLUME NEAR THE 75% RETRACE POINT, BUT IS BEATEN BACK


GOLD CONSOLIDATES IN A RED DOWN FLAG, SHOULD MOVE HIGHER


GOLD SUDDENLY MOVES UP QUICKLY ON GOOD VOLUME, BUT PULLS BACK, MAY MOVE UP AGAIN


GOLD FORMS A LEDGE, A RESULT OF THE STALEMATE BETWEEN BUYERS AND SELLERS, GOLD MAY FALL OFF IT, OR COULD SPIKE HIGHER


WHICH SIDE WILL GIVE IN FIRST?

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD BEING HELD DOWN, BUT BUYERS ARE KEEPING GOLD FROM FALLING A GOOD DEAL


STOCKS, OIL, EURO MOVING LOWER
BONDS UP

GOLD HITS THE 75% RETRACE POINT AND PULLS BACK, COULD MOVE BACK TO THE NEW HIGH


THE 1ST RALLY PULLS BACK


JUST BEFORE THE CRIMEX OPEN


GOLD TAKES BACK THE BRIEF RALLY

GOLD STARTING TO BOUNCE AROUND AS IT APPROACHES THE CRIMEX OPEN




5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD FALLS LOWER A LITTLE FASTER AS THE CRIMEX OPEN APPROACHES




GOLD FORMS A LONG LEDGE AND IS NOW FALLING OFF IT


GOLD RISES TO NEW HIGH, THE PSYCHOLOGICAL
RESISTANCE AREA OF $1200 AND GOES SIDEWAYS
RATHER THAN SELLING OFF HARD.
NOW IT'S MOVING LOWER AHEAD OF THE CRIMEX
OPEN. COULD EASILY GET BASHED LOWER ON THE
OPEN, BUT IS SO STRONG NOW, BUYERS SHOULD RUSH
IN ON ANY BIG DIP

30 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD HITS $1200




JUST SHORT OF THE ALL TIME HIGH




ANOTHER HIGH


GOLD BREAKS UP AND OUT OF THE LONG TRADING RANGE SINCE FRIDAY



AS IT USUALLY DOES, GOLD MOVES HIGHER RIGHT
AROUND 11 PM PST AND MIDNIGHT PST IN FOREIGN
MARKETS BREAKING UP AND OUT OF THE YELLOW
TREND CHANNEL