Tuesday, September 8, 2009

HOURLY DOLLAR CHART (delayed prices)


GOLD FORMS A LARGE WHITE DOWN FLAG


Either gold will sell off soon as we approach the
Crimex open, or gold will spike some more on the
open and then be sold off quickly. No hints for now,
other than the well known habit of gold getting
bashed near the Crimex open.


HOURLY DOLLAR CHART (delayed prices)


GOLD MAKES A ONE TICK HIGHER HIGH AND PULLS BACK, A CLASSIC TOPPING ACTION




GOLD IS LOOKING VERY 'IFFY' FOR A FURTHER UP MOVE


THE RED DOW FLAG MAY RESOLVE HIGHER, BUT GOLD HAS MOVED A GOOD BIT ALREADY




HOURLY DOLLAR CHART (delayed prices)



GOLD FINDS SUPPORT AT THE PREVIOUS HIGH AT 1007.00


ANOTHER MOVE UP TO A NEW HIGH AND A QUICK PULL BACK


THE HIGH FOR DEC GOLD IS AT 1060.00.
THE NEXT HIGH TO EXCEED IS AT 1015.00

THIS RALLY SHOULD NOT GO TOO MUCH HIGHER AND GOLD SHOULD MOVE LOWER BEFORE A RALLY TO NEW HIGHS




GOLD MAY FALL TO THE BLACK DOWNTREND LINE BEFORE PUTTING IN A MAJOR RALLY HIGHER


15 MINUTE DOLLAR CHART (delayed prices)


GOLD SHOULD PROBABLY PULL BACK NOW