Tuesday, September 1, 2009

GOLD PULLS BACK 75%, TREND LINES REDRAWN


The fibonacci retracement points take precedence
over the trend lines and other patterns

NEW RED DOWN FLAG DRAWN


GOLD MOVES UP OUT OF THE RED DOWN FLAG 75%, PULLS BACK, NOW HIGHER PAST THE WHITE DOWNTREND LINE


THE RED DOWN FLAG RESOLVES UP


15 MINUTE DOLLAR CHART (delayed prices)


GOLD JUST NEEDS TO GET PAST THE WHITE DOWNTREND LINE AND IT WILL RUN UP TO 95760 OR HIGHER


GOLD HITS THE 75% POINT EXACTLY, NOW SOME PULL BACK, THEN UP TO THE NEXT ONE SHOWN HERE


THE NEXT 75% POINT


GOOD RALLY AFTER THE SELL OFF, GOLD MY GET BASHED ON OR BEFORE THE CRIMEX OPEN, BUT RALLY WELL AFTERWARD


15 MINUTE DOLLAR CHART (delayed prices)


GOLD RETRACES TO THE LAST 75% POINT AND SHOULD NOW RALLY






15 MINUTE DOLLAR CHART (delayed prices)


STOCKS, OIL, EURO ALL FALLING


Gold may rally just before the Crimex open

15 MINUTE DOLLAR CHART (delayed prices)



GOLD DROPS A LITTLE LOWER TO THE PREVIOUS LOW, THEN RALLIES




GOLD RALLIES AT THE 75% POINT OF THE SELL OFF


GOLD DIDN'T MOVE UP FAST ENOUGH SO TRADERS BAILED OUT