GOLD FINALLY GETS IN GEAR

NOW WATCH IT ALL GET TAKEN BACK

NEXT HIGHER 75% RETRACE POINT

GOLD MOVES UP TO THE NEXT 75% RETRACE POINT

GOLD BREAKS OUT OF THE YELLOW UPTREND CHANNEL

SURE IS FUNNY HOW THESE FIBONACCI LINES WORK CONSISTENTLY EVERY TIME

GOLD DROPS ON FAIRLY LIGHT VOLUME TO THE PURPLE UPTREND LINE AND BOUNCES

IF GOLD SPENDS TOO MUCH TIME IN THIS YELLOW

TRADING RANGE, IT WILL MOVE LOWER/

WHEN GOLD DOESN'T GO UP...

IT GOES DOWN

THE LARGER VIEW

SO WHAT ELSE IS NEW? GOLD TAKES BACK 75% OF THE RUN UP, CONSOLIDATES AS IF IT'S GOING TO FALL SOME MORE, THEN MOVES UP AGAIN

GOLD HAS A WAY TO GO TO GET BACK UP, BUT IT'S GOING TO HAPPEN SOONER THAN YOU IMAGINE

THE NEXT HIGHER RETRACE POINT FOR THIS WHOLE DOWN LEG

WELL, FINALLY, SOME TRADERS FINALLY GROW SOME BALLS AND BUY GOLD

A SUDDEN 75% RETRACE SHOWS THAT THE SHORTS AREN''T GIVING UP

AND A SHOCKING $2 SPIKE RIGHT BACK UP THAT
IS HOLDING QUITE WELL, ALTHOUGH ON ONLY
150 CONTRACTS

GOLD LIFTS OFF THE BOTTOM WELL TO THE 75% RETRACE POINT

NEW TRENDLINES REDRAWN

GOLD DROPS BELOW THE YELLOW AND PURPLE UPTREND CHANNEL LINES

GOLD WORKING ITS WAY HIGHER GRADUALLY

GOLD MOVING HIGHER GRADUALLY IN AN UP FLAG THAT COULD RESOLVE DOWN

GOLD BUILDING A BASE...HOPEFULLY!

GOLD MOVING UP

EURO RISING, GOLD MAY MOVE HIGHER

GOLD IS FORMING A LEDGE IT COULD FALL FROM,

BUT IF IT DOES, IT SHOULD RALLY QUICKLY.

VOLUME IS LIGHT AS TRADERS ARE WAITING TO SEE

THE DIRECTION OF STOCKS, OIL, EURO, ETC.

YEN IS FALLING NOW...GO FOR GOLD

$1200 MAY BE THE NEW SUPPORT AREA FOR GOLD AS

OLD RESISTANCE LINES BECOME SUPPORT LINES AFTER

THEY ARE CROSSED OVER

A GOOD PLACE FOR A RALLY AT THIS CONVERGENCE OF TRENDLINES AND A 75% RETRACE POINT

THIS COULD BE THE LOW FOR THIS DOWN MOVE

FROM THE TOP

STOCKS, OIL, EURO TURN UP, YEN PULLS BACK FROM GOOD RALLY, GOLD MOVES UP CAREFULLY

GOLD DIPS TO 1204 AND BUYERS JUMP IN

GOLD APPROACHES THE LOWER BLUE DOWNTREND

CHANNEL LINE. SHOULD BE SOME SUPPORT THERE

HOW LOW CAN GO PULL BACK TO...REALLY?

BEFORE BARGAIN BUYERS REALIZE IT AND PILE IN.

5 MINUTE DECEMBER EURO CHART (delayed prices)

EURO RISING AFTER A GOOD PULLBACK

SHOULD PULL GOLD HIGHER

GOLD DIPS ONE MORE DOLLAR LOWER THEN RALLIES

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD TAKES BACK MOST OF THE 1ST RALLY BACK UP, NOW MOVING BACK UP AGAIN

EVENING GOLD OPENS A LITTLE LOWER, NOW MOVING BACK UP

THE LARGER PICTURE

THE LOWER PURPLE UPTREND CHANNEL LINE'S
POSITION IS DETERMINED BY THE MOST RECENT LOW
AND HAS BEEN PUSHED LOWER.
GOLD IS STILL IN THE UPPER HALF OF THE WHITE
UPTREND CHANNEL WHO'S UPPER LINE HAS BEEN
PUSHED HIGHER AS THE NEW ALL-TIME GOLD HIGHS
MOVE HIGHER

2:15PM PST AFTERNOON GOLD CLOSE

GOLD HUGGING THE LOWS AHEAD OF THE AFTERNOON CLOSE

HOURLY DECEMBER T BOND CHART (delayed prices)

BONDS FORM A LEDGE TO FALL OFF OF

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD STILL SLIPPING LOWER IN THE LAST HOUR OF AFTERNOON TRADING

GOLD HEADS LOWER AHEAD OF THE AFTERNOON CLOSE IN ONE HOUR

GOLD RALLIES MORE THAN 75% OF THE LAST DOWN LEG

GOLD MAY STILL SELL OFF INTO THE CRIMEX CLOSE,

THEN RALLY IN THE AFTERNOON

GOLD RISES TO THE NEW YELLOW TOP DOWNTREND CHANNEL LINE, OTHER MKTS NOT VERY SUPPORTIVE OF HIGHER GOLD

A RALLY BACK UP TO THE BOTTOM LINE OF THE RED UP FLAG, BUT STOCKS, OIL, EURO STILL LOOK WEAK. EXPECT GOLD TO DROP BEFORE THE CRIMEX CLOSE

AN AFTERNOON RALLY IS POSSIBLE