Tuesday, September 8, 2009

A 2ND DOWN BLAST TO SHAKE OUT THE WEAK LONGS, THEN A RALLY


15 MINUTE DOLLAR CHART (delayed prices)


GOLD DROPS TO FIND SUPPORT ONCE AGAIN NEAR THE BLACK MAJOR DOWN TREND LINE AND THE PREVIOUS LOW


Gold gets a final blast of 3,000 contracts down,
but bounces on strong volume, typical Crimex
manipulation.



GOLD STARTS ITS MOVE LOWER




GOLD MAY MOVE LOWER FROM HERE BEFORE RALLYING HIGHER




RED UP FLAGERESOLVES DOWN


GOLD STALLING HERE ON LIGHT VOLUME, MAY DROP FURTHER BEFORE RALLYING MORE


GOOD RALLY, NOW SOME PULLBACK, THEN HIGHER


Gold moves a little higher near the next 75%
retrace point at 1007.30



GOLD STALLING AT THE 1004 LEVEL BUT SHOULD CONTINUE HIGHER, VOLUME IS GOOD


GOLD STARTS BACK UP, BONDS, OIL, STOCKS MOVE UP


GOLD DIPS DOWN NEAR THE BLACK MAJOR DOWNTREND LINE THAT WAS EXCEEDED FINDING SUPPORT AND RALLIES




GOLD ACTING A BIT INDECISIVE BUT WILL PROBABLY CONTINUE HIGHER


GOLD BOUNCES OFF THE 75% RETRACE POINTS AT 1001.30


GOLD MAY RETEST THE LOW AS IT USUALLY
DOES WHEN IT STALLS LIKE IT'S DOING HERE



GOLD MOVES LOWER AS BONDS AND STOCKS MOVE LOWER


15 MINUTE DOLLAR CHART (delayed prices)


GOLD CONTINUES TO SELL OFF, BUT MAY FIND SUPPORT HERE NEAR THE TOP WHITE DOWN TREND LINE


GOLD RALLIES BACK UP, MAKES A SLIGHTLY HIGHER HIGH AND PULLS BACK, A TOPPING PATTERN




Gold may get beaten down now.

I'm having broker problems which keeps me

from posting for you. They screwed up my positions

and I can't trade until I get the problem resolved.

GOLD RALLIES WELL AFTER THE SELL OFF


Gold continues to trade within the white down flag
and could break out higher
Dollar sinks greatly

HOURLY DOLLAR CHART (delayed prices)


GOLD STARTS TO SELL OFF