Tuesday, August 4, 2009

THE LARGER PICTURE WITH HIGHER RETRACEMENT POINTS

DOLLAR A BIT HIGHER, BONDS PLUNGING


189 SELLERS AT 967
Oil moves higher
Yen down
Euro not rising tremendously with gold
Dow about even on the day

DON'T THINK GOLD CAN GO TOO MUCH HIGHER TODAY, BUT WHO KNOWS?

GOLD SCREAMS HIGHER AND TAKES OUT THE OLD HIGH AT 96690

GOLD FINDING SUPPORT AT 960


GOLD JUST MAY TAKE OFF BIG TIME FROM HERE

GOLD PULLS BACK TO THE 1ST 75% RETRACE POINT AND HOLDS


Bonds, Yen plunging
Euro, Oil move higher
Dow up more to almost even on the day
Dollar still sideways

GOLD HITS THE 75% RETRACE POINT, NOW A PULL BACK

GOLD BREAKS UP AND OUT OF THE RED DOWN FLAG AS EXPECTED

GOLD PULLS BACK TO THE BOTTOM OF THE RED DOWN FLAG, WILL IT NOW RESOLVE UP OR SELL OFF MORE?


Bonds moving up
Oil pulling back
Dow up a bit on the opening
Euro off a little
Yen very steady sideways
Dollar starting to slip

GOLD TURNS BACK UP ON LIGHT VOLUME IN ITS LITTLE DOWN FLAG WHICH RESOLVES UP

5 MINUTE DOLLAR CHART


GOLD PULLING BACK ON VERY LIGHT VOLUME...A GOOD SIGN


Dollar steady and going sideways

GOLD HANGING ON TO ITS GAINS FOR NOW AND CONSOLIDATING FOR A MOVE TO THE NEXT 75% FIB

THE LAST 75% RETRACE POINT IS AT 96340 FOR THE WHOLE MOVE DOWN FROM 96690

A LAST SPURT HIGHER, OR IS GOLD GOING TO REALLY TAKE OFF?


Oil is moving higher, but the Euro isn't
Dow is off about 50 and creeping higher

GOLD HITS THE 75% FIB, NOW A PULL BACK, THEN HIGHER?

GOLD HEADING FOR THE MAJOR 75% RETRACE POINT AT 96090, OR HIGHER


Gold acting very strong this morning

GOLD PULLS BACK VERY CAUTIOUSLY, ON LOW VOLUME...A GOOD SIGN

5 MINUTE DOLLAR CHART