Sunday, October 18, 2009

GOLD CONTINUES MOVING HIGHER GRADUALLY


STOCKS AND EURO MOVING HIGHER GRADUALLY

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD BREAKS OUT OF THE WHITE DOWNTREND CHANNEL UP TO THE TOP LINE OF THE BLUE UPTREND CHANNEL


EURO MOVES HIGHER

DAILY CHART OF DOLLAR (delayed prices


FOR PERSPECTIVE

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD MOVES BACK UP ON GOOD VOLUME BUT COULD RETEST THE LOW OR DROP LOWER TO THE 75% POINT SHOWN

GOLD FALLS AS EURO, OIL, STOCKS, YEN ALL FALL



GOLD MAY BE BOTTOMING HERE

GOLD DROPS TO FRIDAY'S CLOSE PRICE, BLUE TRENDLINE ADJUSTED TO INCLUDE NEW LOW



EURO DOWN
DOLLAR UP
GOLD COULD MOVE LOWER

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD CREEPING HIGHER, BUT COULD DROP OUT OF THE BLUE UP FLAG

GOLD PULLS BACK BEFORE MOVING UP TO THE NEXT 75% POINT AT 1061


WILL GOLD PULL BACK, OR MOVE HIGHER?



GOLD HITS THE NEXT HIGHER 75% RETRACE POINT EXACTLY AND PAUSES HERE
COULD CONSOLIDATE AND MOVE HIGHER IF IT DOESN'T PULL BACK SOME
OIL AND EURO MOVING HIGHER
BONDS, YEN DOWN

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD BREAKS UP AND OUT OF THE RED AND BLUE DOWN TREND CHANNELS AS EXPECTED AND ABOVE THE 75% RETRACE POINT

SUNDAY EVENING GOLD OPENS DOWN BUT NOW MOVING HIGHER



ALL THE DOWN FLAGS/TREND CHANNELS SHOULD RESOLVE UP