Friday, August 7, 2009

OIL AND EURO MOVING LOWER, GOLD PUSHING LOWER

POSSIBLE RETRACEMENT POINTS OF THE ENTIRE UP MOVE IN THE BLUE UPTREND CHANNEL

THIS WEEK'S GOLD TRADING

GOLD RESOLVES DOWN OUT OF THE RED UP FLAG AS EXPECTED

THE CRIMEX GOLD CLOSE

GOLD CONSOLIDATING, BUT WILL PROBABLY GO NOWHERE THE REST OF TODAY

DAILY CHART OF THE YEN (delayed prices)


DAILY CHART OF CRUDE OIL (delayed prices)


DAILY CHART OF THE DOW (delayed prices)


DAILY CHART OF BONDS (delayed prices)


DAILY CHART OF THE EURO (delayed prices)


DAILY CHART OF THE DOLLAR (delayed prices)


DOES THIS LOOK STRONG TO YOU?

HOURLY DOLLAR CHART FOR PERSPECTIVE


5 MINUTE DOLLAR CHART (delayed prices)


THE RED UP FLAG RESOLVES DOWN, SO BE CAREFUL


Oil, Yen, Euro moving down
Dollar up
Dow pulling back from the high
Bonds chopping on their lows of the day
Let gold resolve today and trade it next week
even if it falls much lower today.
This is a MAJOR INTERVENTION event today
that will resolve in gold's favor in a day or two

5 MINUTE DOLLAR CHART (delayed prices)


5 MINUTE DOLLAR CHART (delayed prices)


NO USE TRYING TO GET A LONG TERM PATTERN GOING, GOLD WILL TURN ON A DIME, SO TAKE ANY PROFITS AS QUICKLY AS YOU HAVE THEM


See what I mean?

GOLD INCHES HIGHER ON LIGHT VOLUME, BUT GETS WHACKED THE SECOND IT GETS CLOSE TO RISING TOO MUCH