Sunday, August 30, 2009

GOLD BREAKS BELOW THE TURQUOISE UPTREND LINE AND DROPS TO THE 75% RETRACE POINT, MAY RETRACE WELL NOW


Stocks and Oil bottoming, Yen topping, Euro may rise now.
Dollar rising some, but may not affect gold's rise too much.
Gold is in a good position to rise 75% from here

GOLD MOVES UP ON THE SUNDAY EVENING OPEN


Gold moves up through several 75% retrace points, then
pulls back, possibly to 95690 (75%), which also coincides
with the red down trend top line that was just exceeded
and which could offer a support area for another rally