GOLD BREAKS OUT OF THE WHITE UPTREND CHANNEL TO THE 75% RETRACE POINT


GOLD THEN PULLS BACK TO THE TOP WHITE LINE OF THE UPTREND CHANNEL FOR SUPPORT
SHOULD MOVE MUCH HIGHER SOON

GOLD CONTINUES HIGHER GRADUALLY ON LIGHT VOLUME WHICH IS MORE CONSTRUCTIVE THAN RAPID UP SPIKES


This type of incline does lend itself to a sudden self off the higher it goes
as traders become increasingly eager to preserve what profits they have gained on paper and want to realize by selling out.

LET''S NOT FORGET CRUDE OIL


HOURLY CHART OF NOVEMBER CRUDE OIL

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


OBVIOUSLY, GUV'MINT INTERVENTION CAME TO THE RESCUE AS THE DOLLAR
FELL OFF THE CLIFF

EVENENING GOLD


GOLD WILL WORKS ITS WAY HIGHER TONIGHT AND MAKE ANOTHER MOVE IN THE WEE HOURS
THEN GET SMASHED DOWN IN TOMORROWS' CRIMEX SESSION

GOLD DIPS BELOW THE RED DOWN FLAG AND NOW IS TREATING THE BOTTOM LINE AS RESISTANCE



GOLD MOVES DOWN TO THE NEXT 75% RETRACE POINT

DOLLAR RISES AFTER A PLUNGE
STOCKS SELL OFF AND GO NEGATIVE ON THE DAY
OIL EDGES LOWER
EURO AND YEN FALLING BACK

GOLD HOLDING AT THE BOTTOM LINE OF THE RED DOWN FLAG


Bonds holding their newly regained price level
Stocks fall
Euro falls
Oil edges a bit lower but is basically flat at the bottom of it sell off
Dollar plunges, then rebounds

RED DOWN FLAG SHOULD RESOLVE UP, GOLD FINDING SOME SUPPORT IN THE AREA OF THE WHITE SHORT TERM TOP UPTREND LINE


GOLD CONSOLIDATING HERE AND COULD MOVE HIGHER
BONDS HAVE RECLAIMED THEIR ENTIRE LOSS PLUS A LITTLE
STOCKS UP AROUND 75 POINTS
EURO ROSE TOO BUT IS CONSOLIDATING NOW
YEN UP
OIL WENT NOWHERE AFTER ITS BIG DROP OFF
DOLLAR MOVED UP A LITTLE

GOLD RISES WELL ON FOMC REPORT, PULLS BACK, MAY CONTINUE HIGHER


ALL OTHER MARKETS RISE TOO
EXCEPT OIL AND DOLLAR
GOLD MAY CONSOLIDATE HERE TO GAIN ENERGY TO MOVE HIGHER

GOLD STARTS SLIPPING AHEAD OF THE FOMC REPORT



EURO TURNING DOW A BIT
BONDS PLUNGE LOWER
STOCKS MOVING UP
DOLLAR STILL TURNING DOWN

GOLD RISES AHEAD OF THE CRIMEX CLOSE


NOW TO SEE WHAT HAPPENS IN THE NEXT 45 MINUTES BEFORE THE FOMC REPORT
IS RELEASED. GOLD USUALLY GOES CRAZY WHEN THE REPORT IS RELEASED WITH GOLD
MOVING UP AND DOWN WITH TREMENDOUS VOLATILITY.

HOURLY CHART OF THE DOLLAR (delayed prices)


THE DOLLAR RISES AS THE FOMC MEETING CONCLUDES, HOW PREDICTABLE!