Thursday, September 10, 2009
GOLD BREAKS UP AND OUT OF THE WHITE DOWNTREND CHANNEL STAYING WITHING THE BLUE UPTREND CHANNEL, MAY MOVE HIGHER TONIGHT
My internet connection has been down for a while but
is okay now. I will be posting all night and into the morning
Crimex session until I can't stay awake any longer.
GOLD OPENS A PINCH HIGHER IN EVENING TRADING, MAY PULL BACK NOW BEFORE MOVING EVEN HIGHER TONIGHT
POSSIBLE RETRACEMENT POINT
GOLD BREAKS ABOVE THE WHITE DOWNTREND CHANNEL BRIEFLY, NOW ABOUT TO BREAK OUT OF THE RED DOWN FLAG AND MOVE HIGHER
Gold is stair stepping up the blue uptrend channel
and should continue higher with occasional pull backs.
My internet service was down for a repair. Plus
I took a brief nap. Of course that's when gold
moved up to its high today. You can see how
strong gold is now, so it's going get harder to
risk selling your long positions in hopes of buying
back in on a deep pull back. The best tactic is
to always have a third of your money in a
long term position in case gold just keeps
spiking higher, and trade two thirds of your
money.
GOLD FINALLY PULLS BACK SOME, SHOULD FIND SUPPORT ON THE TOP WHITE UPTREND CHANNEL LINE
and gold does find some support near the white line
GOLD PULLS BACK JUST BEFORE THE CRIMEX OPEN
New blue trend lines drawn
It should be a very interesting open
GOLD RETRACES THE BOUNCE UP, TRIES TO RALLY AND FAILS
This sell off is just too large to be anything other
than a PLANNED manipulation to shake the
market ahead of the Crimex session to keep
the gold price down. We can only hope that
buyers will see bargain prices and jump on them.
