Sunday, October 11, 2009

GOLD MOVING HIGHER THROUGH THE RETRACEMENT POINTS


GOLD GETS STOPPED AT THE SHORT TERM RED DOWNTREND LINE, BUT SHOULD KEEP MOVING HIGHER

30 MINUTE DOLLAR CHART (delayed prices)


DOLLAR RISES BUT WON'T LAST THERE FOR LONG

GOLD STALLS NEAR THE BLUE TOP UPTREND CHANNEL LINE AND JUST BELOW THE NEXT 75% RETRACT POINT


ANOTHER PULL BACK POINT THAT ALSO CORRESPONDS TO THE WHITE TOP DOWNTREND LINE WHERE
SUPPORT SHOULD BE FOUND

GOLD COULD MOVE UP TO THE 75% POINT AND THEN PULL BACK, OR PULL BACK FROM HERE FIRST
THEN GO UP TO THE RETRACE POINT OR HIGHER

GOLD BREAKS UP AND OUT OF THE WHITE DOWNTREND CHANNEL


NOW A PULLBACK TO, OR NEAR, THE TOP WHITE DOWNTREND LINE FOR SUPPORT, THEN BACK UP