THE BLUE UP FLAG RESOLVES DOWN

15 MINUTE CHART OF CRUDE OIL (delayed prices)

5 MINUTE CRUDE OIL CHART (delayed prices)

5 MINUTE BOND CHART (delayed prices)

5 MINUTE EURO CHART (delayed prices)

5 MINUTE DOLLAR CHART (delayed prices)

DOW, OIL, EURO MOVING LOWER, DOW OFF 120

DOLLAR DOWN TO .79285

GOLD FALLS QUICKLY IN GAP DOWN MOVES BUT LOW VOLUME

THE LARGER PICTURE

GOLD IN A BLUE UP FLAG WITHIN A LARGER WHITE DOWN FLAG, WHICH WAY WILL IT RESOLVE?

133 SELLERS AT 948

DOW FALLING FURTHER, NOW DOWN 117

BONDS SUDDENLY PLUNGE, BUT QUICKLY RALLY
MAY CONTINUE LOWER
Euro moves higher
Dollar slips lower, currently at .79385

5 MINUTE DOLLAR CHART (delayed prices)

GOLD MOVES ABOVE THE RED UPTREND LINE A BIT, BUT NOT STRONGLY

Euro turns up, but the rest of the Indicator
market are still not supportive of gold
Dollar is consolidating at its highs, currently at .7944

GOLD RALLIES AFTER A SUBSTANTIAL DROP, BUT HAS NO BASIS FOR MOVING HIGHER RIGHT NOW WITH THE INDICATOR MARKETS BEING NON-SUPPORTIVE

New downtrend channel lines drawn. Gold hits
resistance at the red uptrend channel bottom line.

HOURLY CHART OF THE DOLLAR (delayed prices)

HOURLY CHART OF THE S&P 500 (delayed prices)

HOURLY CHART OF CRUDE OIL (delayed prices)

Oil currently at 69.27, lower than this chart shows

HOURLY CHART OF THE YEN (delayed prices)

HOURLY CHART OF THE EURO (delayed prices)

HOURLY CHART OF BONDS (delayed prices)