The lower line of the Black down flag is only there
because of the new low at 681, NOT because gold
traded down to that line and bounced. I PUT th
line there after gold hit 681 and rose.
The green uptrending channel/flag resolves DOWN,
but if 681 is the new bottom for gold, then gold may
continue higher, especially as we approach the end
of 2008 where gold usually booms into the New Year.
However, this year, due to all the manipulation of all
facets of the economy by Guv'mint, this is the first year
in the last five years where gold has not risen dramatically
in the last quarter of the year after a major sell off just
before the rise.
