Wednesday, November 11, 2009

RETRACE POINTS LOWER


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NEW GOLD HIGHS, THEN GOLD GETS HIT AND DROPS FAST



DOWN VOLUME IS MODERATE BUT GOLD DROPS
QUICKLY ON PROFIT TAKING WHEN GOLD DOESN'T
RISE FAST ENOUGH AFTER THE 1ST PULLBACK
GOLD HAS RISEN SO MUCH THAT TRADERS ARE GOING
TO BE QUICK TO TAKE PROFITS IF IT DOESNT' KEEP
RISING
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ANOTHER NEW HIGH


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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR GAPS DOWN
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ANOTHER NEW HIGH



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GOLD MAKES A NEW HIGH AT AN UNUSUAL TIME OF DAY


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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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THE WHITE UPTREND CHANNEL COULD RESOLVE LOWER BEFORE THE RED DOWN FLAG RESOLVES UP


GOLD IS NEAR ITS HIGHS, SO THERE MAY BE SOME
PROFIT TAKING BEFORE MOVING HIGHER
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2:15 PM PST AFTERNOON GOLD CLOSE


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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD ZIPS UP AND RIGHT BACK DOWN, 125 CONTRACTS BOTH WAYS


AND RIGHT BACK UP AGAIN



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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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DOLLAR MOVING HIGHER PUSHING GOLD DOWN


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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD MOVES UP ON TWO PULSES OF MODERATE VOLUME


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A LOW VOLUME RALLY SHOULD PULL BACK NOW


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GETTING CLOSE TO THE CRIMEX CLOSE, GOLD MAY NOT BE STRONG ENOUGH TO RISE HERE




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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD STRUGGLES HIGHER




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GOLD HAVING TROUBLE GETTING ANY UP MOMENTUM


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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD ATTEMPTS TO RISE BUT MEETS SELLING PRESSURE


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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD PULLS BACK


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GOLD MOVES UP TO THE PREVIOUS HIGH AND STALLS, NOW A PULL BACK THEN MAYBE HIGHER




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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD COULD FALL FURTHER TO THE RETRACE POINT JUST BELOW


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A RETEST OF THIS LOW, THEN BACK UP, MAYBE EVEN TO NEW HIGHS?


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GOLD STARTS TO FALL FAST




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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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EURO FALLING FAST, STOCKS TURNING DOWN, GOLD FALLING, MAY GO DOWN MUCH FURTHER


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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR'S LITTLE UPTREND CHANNEL WILL
RESOLVE DOWN SOON
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GOLD JUMPS TO A NEW HIGH ON 1500 CONTRACTS THEN PULLS BACK


EURO DID NOT MOVE UP ON THIS GOLD MOVE
STOCKS STILL UP
BONDS TURN UP
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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD MOVES UP ON LIGHT VOLUME BEYOND THE RETRACE POINT AND PULLS BACK


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