GOLD LOOKS LIKE IT'S GOING TO 'COIL' HERE
AND MOVE HIGHER, BUT AT ANY TIME IT COULD
FALL HARD AS YOU HAVE SEEN MANY TIMES
Thursday, January 28, 2010
STOCKS OFF ABOUT 180 POINTS, STARTING TO PULL GOLD LOWER
GOLD DROPS CLOSER TO THE YELLOW LOWER
UPTREND CHANNEL LINE
GOLD FALL TO THE NEXT LOWER 75% RETRACE POINT AS STOCKS FALL TO OFF MORE THAN 140 POINTS
BONDS AND YEN RISING WELL
STOCKS, OIL EURO PAUSE AT THEIR LOWS
GOLD RETRACES MORE THAN 75%
LOWER THAN SHOWN HERE
WILL THE LOW HOLD, OR IS GOLD GOING TO TANK
ONCE MORE?
MARKETS ALL REVERSING HERE, GOLD MAY RALLY
GOLD COULD STILL FALL BEFORE THE RALLY, BUT
STOCKS, EURO, OIL ARE TURNING UP AND BONDS, YEN
ARE TURNING DOWN
DOLLAR IS A LITTLE HIGHER
IT IS NOT UNUSUAL FOR GOLD TO DIP JUST BEFORE IT
RALLIES
BONDS, YEN RISING WELL, NOT SUPPORTIVE OF HIGHER GOLD
STOCKS STILL FALLING, EURO MOVING DOWN
GOLD MAY RETEST THE LOWS
GOLD MAY MOVE LOWER AS STOCKS, OIL, EURO MOVE LOWER
GOLD DROPPED BELOW THE BLUE LOWER UPTREND
CHANNEL LINE BUT IS DANCING AROUND IT NOW
I SAY LOWER SHE GOES...MAYBE EVEN TO THE YELLOW
LOWER UPTREND CHANNEL LINE SHOWN AT THE BOTTOM
OF THE CHART
GOLD CONSOLIDATING HERE IN A LEDGE, SHOULD MOVE DOWN TO THE 75% RETRACE POINT BEFORE RALLYING
GOLD MAY FALL TO THE NEXT RETRACE POINT SHOWN
ALTHOUGH IT IS NOW ON THE LOWER BLUE UPTREND
CHANNEL LINE
STOCKS STILL FALLING NOW DOWN 20 OR MORE POINTS, GOLD NOW BELOW THE 75% RETRACE POINT
GOLD WILL RALLY WELL OFF THE LOW THAT RESULTS ON
THIS PULL BACK
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