Sunday, September 13, 2009
GOLD DOES FALL TO THE 75% POINT PLUS A LITTLE ON MODERATE VOLUME, MAY RALLY NOW
Gold actually fell to the next lower 75% point at 1004.40
GOLD MAY BE FORMING A LEDGE HERE TO FALL FROM TO THE NEXT LOWER 75% POINT AT 1004.90
NEW WHITE AND BLUE TREND LINES DRAWN
Stocks, Oil, Euro keep moving lower
A GOOD, QUICK SELL OFF, NOW A RALLY BACK UP
Stocks, Oil, Euro act like they have bottomed and may
rally now. Dollar moves up but may slip again
GOLD MAKES A ONE TICK HIGHER HIG AND PULLS BACK, A TOPPING PATTERN, COULD CONSOLIDATE HERE AND MOVE HIGHER, OR JUST PULL BACK
gold finds support on the white downtrend line
Euro moves up
Stocks moving down
Oil down slightly
GOLD MOVES BACK UP ALMOST 75% OF THE DOWN MOVE FINDING SUPPORT ON THE BLUE UPTREND LINE
AND DOES MOVE HIGHER to just under the highs of
this session
Gold rises further to the new white downtrend line and
tests it twice. Could go higher
THE NEXT TOPS TO SURPASS, THEN INTO NEW HIGH TERRITORY
DAILY CHART OF GOLD SHOWING TREND CHANNELS
AND PREVIOUS HIGHS AND THE TOP PRICE FOR
THE DECEMBER GOLD CONTRACT AT $1060.00.
ABOVE THAT WILL BE SINCLAIR'S 'ANGELS'. SCROLL
DOWN THROUGH MY PREVIOUS POSTS TO FIND THE
POST OF SINCLAIR'S 'NUMBERS'
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