Sunday, July 26, 2009

GOLD MAKES ANOTHER NEW HIGH


GOLD JUMPS UP TO THE TOP BLUE UPTREND CHANNEL LINE AND ABOVE THE 75% RETRACE POINT


NOTICE THAT GOLD HAS REACHED THE TOP BLUE LINE OF THE CURRENT UPTREND CHANNEL WHERE IT SHOULD PULL BACK SOME BEFORE MOVING HIGHER




GOLD EXCEEDS THE PREVIOUS HIGH AT 9544 BY ONE TICK ALMOST HITTING THE ULTIMATE 75% RETRACE POINT AT 9547


Gold will probably have a shallow retracement here and
continue higher into the overnight hours where it will
fall sometime before the Crimex open tomorrow

DOLLAR SLIPS LOWER


NEXT 75% RETRACE POINT 95470, COINCIDES WITH THE PREVIOUS TOP AT 95440


EURO RISING, DOLLAR FALLING





GOLD TURNS BACK AT THE WHITE DOWNTREND LINE



GOLD BEGINS ITS PULLBACK


GOLD RISES TO THE WHITE DOWNTREND LINE


NOW A RETRACE BACK DOWN?


GOLD HITS THE 75% RETRACE POINT


GOLD RISES NEARER TO THE 75% RETRACE POINT AT 95170


GOLD WILL PROBABLY PULL BACK 75% HERE


Euro and Oil are rising
Yen falling
Stocks rising
Bonds falling
Dollar slips back a little

GOLD CONTINUES TO RALLY UP TO THE SHORT TERM DOWNTREND LINE AND NEARING THE NEXT TWO RETRACE POINTS



DOLLAR RISES TO .7910


GOLD RALLIES A BIT EVEN THOUGH THE DOLLAR IS UP AND EURO IS DOWN


GOLD MAY BE GETTING READY TO MOVE MUCH LOWER


GOLD RALLIES 75% THE FLOPS DOWN TO THE LOWER 75% POINT, COULD RALLY FROM HERE


Euro falling
Oil slipping lower
Dollar rises to .7899