Thursday, July 30, 2009

5 MINUTE EURO CHART


GOLD MAKES A NEW HIGH ON MODERATE VOLUME


5 MINUTE BOND CHART


DOLLAR IS ALL OVER THE MAP TODAY, UP, DOWN, UP, DOWN


GOLD CONSOLIDATING WELL AT A HIGH LEVEL


GOLD NEEDS TO FIND SUPPORT ON THE TOP RED DOWN FLAG LINE


BONDS PLUNGE, GOLD MAY BE READY TO SPIKE HIGHER


Volume is the big problem here...it's too light

5 MINUTE DOLLAR CHART


GOLD RALLIES WELL TO THE TOP 75% RETRACE POINT MAKING A NEW HIGH IN THE PROCESS




Dollar moves higher

The other Indicator markets remain supportive

to gold

GOLD MOVES BACK UP ON LIGHT VOLUME


A QUICK PULLBACK, THEN GOLD MOVES BACK UP


Oil and Dow pulling gold higher

GOLD CREEPING HIGHER ON LIGHT VOLUME


Gold is still very shakey here.
Don't bet the farm on an up move just yet
Dow up 115
Oil higher after a brief pull back
Yen turns down
Euro struggling to move up
Dollar moves back up to its previous high at .7955

5 MINUTE DOLLAR CHART


GOLD ALMOST COLLAPSES, BUT THE INDICATOR MARKETS ALL TURN POSITIVE FOR GOLD AT THE LAST SECOND


Euro turns back up
Yen down
Dow up
Oil up
Bonds down
Dollar slips lower a bit

RED DOWN FLAG IS VIOLATED BUT NOT TOO BADLY


Gold may find support at the 75% retrace point
at 9332

ONCE AGAIN GOLD DROPS EXACTLY TO THE NEW RED DOWN FLAG BOTTOM LINE AND HOLDS


GOLD STILL CONSOLIDATING HERE


GOLD RALLIES ON MODERATE VOLUME


Euro turns down
Yen turns up steadily
Dollar a bit lower
Oil, Dow turn down

VERY INTERESTING HOW GOLD DROPS EXACTLY TO THE BOTTOM RED DOWN FLAG LINE AND STOPS, HUH?


RED DOWN FLAG SHOULD RESOLVE HIGHER