Wednesday, September 30, 2009

GOLD FINDS SUPPORT AT THE LOWER LINE OF THE DOWNTREND CHANNEL, SHOULD MOVE TO NEW HIGHS

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 11:45PM PDST

EURO FALLS SUDDENLY AT TAKES GOLD WITH IT, THE WHITE DOWNTREND CHANNEL SHOULD RESOLVE UP

GOLD FINDS SUPPORT ON THE LOW AND MOVES UP

GOLD WILL RISE FROM HERE OR FALL OFF THIS LEDGE


GOLD SHOULD RESOLVE UP FROM THIS 2ND WHITE DOWN FLAG AFTER A 2ND RETEST OF THE 1011 HIGHS, BUT MAY TURN LOWER IF IT DOESN'T RISE QUICKLY


15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 7:15PM PDST


DOLLAR APPEARS TO BE IN ITS LAST THROES OF DEATH
BEFORE SINKING INTO OBLIVION

4:20PM PDST

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 4:15PM PDST

GOLD MOVES UP OUT OF THE WHITE DOWN FLAG NEAR THE 75% RETRACE POINT

2:15 PM PDST AFTERNOON GOLD CLOSE

GOLD BUILDS A WHITE DOWN FLAG WHICH SHOULD RESOLVE HIGHER

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 12:10PM PDST

GOLD COULD RETRACE ALL THE WAY BACK DOWN TO 995 AREA


STOCKS, OIL, EURO, YEN ARE ALL MOVING DOWN RATHER STRONGLY
DOLLAR IS STILL NEAR ITS LOWS, THOUGH

GOLD MOVES UP DURING THE CRIMEX SESSION IN A NICE GRADUAL PATTERN, NOW PULLING BACK IN AFTERNOON TRADING

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 110:37AM PDST