Monday, January 26, 2009

9:28AM PST DOLLAR FALLS TO .8490, GOLD RISES A BIT ABOVE THE DOWN FLAG THEN FALLS BACK


Must be concerted selling pressure on gold after
it moved up so well.
The other markets have mostly reversed again
and gold is currently falling back within the down
flag. We may see a big sell off right at the close,
especially if gold is able to move up higher before
then.