GOLD MOVES LOWER INTO THE CRIMEX CLOSE


LOOKS LIKE GOLD MIGHT CONTINUE LOWER IN
AFTERNOON TRADING

GOLD MAY BREAK UP AND OUT OF THE RED DOWN FLAG BUT IT'S GETTING LATE IN THE SESSION


OFTEN, THIS LATE IN THE CRIMEX SESSION GOLD
DOESN'T MAKE BIG MOVES AFTER ALL THE ACTIVITY
WE'VE ALREADY HAD. BUT ANYTHING IS POSSIBLE
JUST DON'T BUY THE TOP AND HAVE IT SELL OFF
ON THE CLOSE ON YOU

GREAT RALLY SO FAR, BUT A PULL BACK IS DUE



GOLD HAS MOVED ABOVE THE WHITE DOWNTREND
CHANNEL

THE SELLING PRESSURE WON'T LET UP


PRETTY SOON THE SHORTS WILL MOVE IN TO COVER
THERE SHORT POSITIONS AND TAKE THE PROFIT.
GOLD WILL MOVE UP WHEN THEY DO

THE BUYERS ARE REALLY HANGING IN HERE!


BUT THE BULLION BANKS ARE OVER WHELMING THEM
WITH SELL ORDERS

GOLD PLUNGES ANOTHER $3 TO 1085


GOLD BOUNCES OFF THE LOW WELL BUT MAY
FALL BACK TO RETEST THE LOWS

GOLD MIGHT PULL BACK HERE THEN MAKE A 2ND LEG HIGHER


GOLD JUMPS TO THE 75% POINT AND PULLS BACK,
ANOTHER PUSH HIGHER?



THIS RALLY IS POOPING OUT AND SHOULD RETEST THE LOWS


A SECOND SPURT UP THEN BACK DOWN
GOLD MAY HIT THE 75% POINT THEN PULL BACK
OR BLAST THROUGH HIGHER AS EURO IS MOVING
UP WITH STOCKS


EURO FALLING FAST, STOCKS TURN LOWER


GOLD HAS ALMOST HIT THE 75% RETRACE POINT FOR THIS WHOLE
UP MOVE, BUT COULD GO LOWER.
THIS IS A MARKET WITHOUT A DIRECTION TODAY, SO IT'S
ALL OVER THE PLACE

STOCKS RISING, GOLD COULD RALLY TO THE TWO 75% RETRACE POINTS SHOWN


THIS LITTLE SIDEWAYS 'S' PATTERN IS A CONTINUATION
PATTERN, BUT IT MAY FAIL AS IT TURNED DOWN
ONE TOO MANY TIMES
NOW IT'S JUST A CONSOLIDATION THAT COULD BREAK OUT
HIGHER, EXCEPT IT JUST WENT A BIT LOWER