Monday, October 5, 2009

GOLD PULLS BACK 75%, MAY NOW GO BACK UP TO THE HIGH OR HIGHER


HOURLY DOLLAR CHART (delayed prices) 11:55PM PDST


A NEW LOW AT .7640

DOLLAR DROPS TO .7642, EURO PULLS BACK A BIT


GOLD MAY TURN RIGHT BACK UP AND MOVE EVEN HIGHER IF DOLLAR KEEPS FALLING

HOURLY DOLLAR CHART (delayed prices) 11:10PM PDST


ANOTHER NEW LOW AT .7652

GOLD POPS HIGHER ON 1100 CONTRACTS AS EURO MAKES NEW HIGHS AND DOLLAR ANOTHER NEW LOW

GOLD STILL CONSOLIDATING IN A TRADING RANGE, MAY BREAK HIGHER IN A FEW HOURS

HOURLY DOLLAR CHART (delayed prices) 10:05PM PDST


DOLLAR PROBES A TICK LOWER TO .7657
IT DOESN'T APPEAR THAT INTERVENTION WORKS ANYMORE

LOOKING MORE AND MORE LIKE GOLD WILL CONTINUE IN THIS TRADING RANGE THEN BREAK TO THE UPSIDE LIKE THE PAST TWO DAYS

GOLD FALLS BELOW THE BLUE TRADING RANGE

THE UP CHANNELS SAY GOLD SHOULD RESOLVE DOWN, BUT THE SINKING DOLLARS SAYS GOLD SHOULD MOVE HIGHER

GOLD TRADING FRENETICALLY ON LIGHT/MODERATE VOLUME AND TESTING THE HIGH, COULD SPIKE UP OR PULL BACK HARD


EURO MAKING NEW HIGHS
DOLLAR MAKES A SLIGHTLY LOWER LOW AT .7658

GOLD TEST THE HIGH AS DOLLAR MAKES NEW LOWS IN EARLY EVENING TRADING


GOLD MAY MOVE HIGHER UP TO, OR EVEN HIGHER THAN, THE OLD HIGH AT 1025.0
OR COULD BE STOPPED THERE UNTIL TOMORROW
EURO MOVING HIGHER
GOLD TICKS A LITTLE HIGHER ON GOOD VOLUME
THEN PULLS BACK. COULD KEEP MOVING HIGHER AS EURO MOVES HIGHER
AND DOLLAR MOVES LOWER

HOURLY DOLLAR CHART


DOLLAR TAKES OUT THE PREVIOUS LOW
FALLS TO .76645

THE LARGER PICTURE...GOLD MAY TAKE OUT THE HIGH AT 1025.80


HOURLY DOLLAR CHART


DOLLAR ABOUT TO FALL BELOW THE PREVIOUS LOW AT .7668

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:47PM PDST


GOLD MAKES NEW LOWS

GOLD BACKS DOWN FROM THE NEW HIGH ON PROFIT TAKING


15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:39PM PDST

GOLD BREAKS OUT TO NEW HIGHS AS DOLLAR SLIPS LOWER

GOLD TESTS THE HIGH