Wednesday, July 22, 2009

GOLD COULD SPIKE TO 97030 (75%) OF THE ENTIRE MAJOR DOWN LEG FROM 99210


GOLD RISING AGAIN, COULD SPIKE HIGHER


GOLD IS CONSOLIDATING WITHIN THE RED DOWN FLAG AND SHOULD RESOLVE UP


GOLD PULLS BACK TO THE BOTTOM RED DOWN FLAG TRENDLINE


DOLLAR DROPPING AGAIN


DOLLAR FALLS


HOURLY CHART FOR PERSPECTIVE



THE DOWN FLAG BEING FORMED RESOLVES UP... UNLESS GOLD COLLAPSES, OF COURSE!


Dollar falls to .78925

GOLD COULD CONSOLIDATE HERE AND MOVE HIGHER OR PULL ALL THE WAY BACK DOWN


GOLD RISES ABOVE THE YELLOW TOP DOWNTREND CHANNEL LINE AND THE 75% RETRACE POINT AT 95260


Dollar is moving lower

GOLD IS GOING TO SPIKE HIGHER NOW


GOLD FINDS SUPPORT AND BOLTS HIGHER


GOLD TRADING CALMS DOWN BUT IS STILL TRADING IN WAVES WITH A CURRENT TREND HIGHER IF THIS LAST LEG DOESN'T MAKE A LOWER LOW


DOLLAR MOVES BACK DOWN


THE LARGER VIEW OF RECENT TRADING


Bernanke is speaking to Senators today

GOLD PAUSES AT THE 75% POINT AND PULLS BACK




GOLD STARTS BACK UP ON LIGHT VOLUME


GOLD SLIPS A BIT LOWER ON LIGHT VOLUME


NOW THE DOW, OIL AND EURO ARE TURNING LOWER

QUITE A WILD RIDE THIS MORNING, NO?

DOLLAR PULLS BACK AFTER WHAT HAD TO BE A PPT INDUCED RALLY


GOLD PULLS BACK ON LIGHT/MODERATE VOLUME ON PROFIT TAKING AFTER A BRISK RALLY