2:15PM PDST AFTERNOON GOLD CLOSE

RETRACEMENT POSSIBILITIES

NEW RED DOWN FLAG DRAWN

THIS MAY BE ONLY A FIRST RALLY ATTEMPT, GOLD MAY GO LOWER TO TEST THE 75% RETRACEMENT POINTS

GOLD SHOULD EVENTUALLY BREAK UP OUT OF THE RED DOWN FLAG, BUT FROM WHAT LEVEL?

DOLLAR FALLS TO .8022, GOLD MAY RALLY SOON AFTER HITTING 91760 (75%)

Euro pulling back after a decent rally
Dow up about 155
Bonds chopping sideways near their lows of the day
Oil still stair stepping higher but slowing

GOLD PULLING BACK AFTER THE SPIKE UP, BUT HOW FAR?

GOLD SPIKES EVEN HIGHER ON OVER 3,000 CONTRACTS AT THE CLOSE

NOW A PULL BACK ON PROFIT TAKING

GOLD HITS THE 75% RETRACE POINT AT 92050

GOLD READY TO SPIKE UP TO 92060 OR HIGHER

GOLD IS CONSOLIDATING HERE BUILDING ENERGY TO MOVE HIGHER

GOLD GETTING READY TO MOVE HIGHER

DOLLAR FALLS TO .8028 RATHER ABRUPTLY, GOLD MAY BE ABOUT TO SPIKE

GOLD GETTING READY TO SPIKE?

Gold has exceeded the Intermediate white downtrend top line

and is up against the next more major yellow downtrend line.

920 may be the line the shorts don't want gold to cross for now.

NEXT HIGHER 75% RETRACE POINT AT 92060

GOLD JUMPS TO THE 9145 HIGH PLUS A TICK ON 606 CONTRACTS, MAY NOW FIND SUPPORT AT THE TOP BLUE UPTREND LINE AND MOVE HIGHER

GOLD MAY STOP AT THE NEXT HIGH AT 9145 OR THE WHITE DOWNTREND LINE BEFORE CONTINUING HIGHER

GOLD CONTINUES ITS RISE ABOVE THE 75% POINT

Bonds have moved down to their starting level from this morning
Dow is up 145
Euro rising well
Oil up some
Dollar has pulled back from its most recent high at .8062 to .8050 currently

GOLD RISES TO THE 2ND 75% RETRACE POINT ON MODERATE VOLUME

NEW TRENDLINES DRAWN

GOLD STILL STAIR STEPPING HIGHER FOR NOW

GOLD CONTINUES RISING NEARER TO THE 2ND 75% RETRACE POINT AT 91270

GOLD BREAKS OUT ABOVE THE WHITE DOWNTREND CHANNEL BUT IS STOPPED AT THE PREVIOUS HIGH AT 91120, MAY MOVE HIGHER

Dow up 88

Euro rising well

Oil also

Bonds turned down

Dollar chopping sideways

GOLD MOVES BACK UP TO THE 1ST 75% RETRACE POINT

Euro, Oil, Dow all move higher

Bonds turn down

Dollar moves up to .8057

GOLD RALLY ALMOST BREAKS OUT OF THE WHITE DOWN FLAG, BUT PULLS BACK

OIL, EURO, DOW ALL MAY BE TURNING BACK UP HERE WHILE BONDS MAY BE TURNING DOWN

Very preliminary action that could fail, but
gold is now moving higher quickly

GOLD LOOKING VERY WEAK, FORMING A LEDGE TO FALL FROM

Euro, Oil and Dow still falling

About 80 buyers at 907

Gold still fighting back with

little rallies on moderate volume

GOLD HOLDING ON HERE VERY TENUOUSLY TRYING TO FIND SUPPORT BUT EURO AND OIL ARE NOT HELPING

Bonds still moving up
Euro, Oil and Dow moving down
Dollar fairly steady at .8041
Gold starting to move back up on very light volume

OIL AND EURO MOVE LOWER, GOLD MAY DROP FURTHER

Bonds still moving higher,
Dow is weakending
Dollar is NOT rising much at all

GOLD FALLS TO THE BLUE UPTREND CHANNEL BOTTOM LINE FINDING SUPPORT THERE

Good volume on the rally bounce, but it doesn't move very high.
It may consoldiate here a bit, but MUST move higher quickly to keep
from moving lower

GOLD RETRACES NEARLY 100% OF LAST UP LEG

GOLD MAY HAVE TO TOUCH 90980 BEFORE RALLYING

THE LARGER VIEW

Gold should eventually break up out of the white Intermediate down flag

GOLD RALLIES WELL AFTER THE PULL BACK

Bonds start to rise

Dollar has formed a small ledge/up flag to fall

of off

OIL FALLS TAKING GOLD WITH IT ON MODERATE VOLUME TO THE 1ST 75% POINT

GOLD MAY BE GETTING READY TO BREAK HIGHER

Gold is still consolidating here and may move higher soon

Volume is very light

The Indicator markets are supportive of gold right now

GOLD MOVED UP OUT OF THE LITTLE WHITE DOWN FLAG BUT DIDN'T MOVE UP FAST ENOUGH SO IT SOLD OFF ON LIGHT VOLUME, MAY GO BACK UP

Dow up 38
Euro and Oil pull back after a decent uptrend
Bonds down
Dollar is moving lower

GOLD COULD MOVE UP TO ABOUT 932