Tuesday, March 10, 2009

11:15AM PDST GOLD NOW MOVING UP WELL


The dark green lines designate the Intermediate
Uptrend Channel. Gold to the lower line of the
channel and may be finding support there.
The previous uptrend channel of more recent days
was violated by the sell off in gold. So we resort
back to the next more major uptrend channel which
is the dark green channel. Older channels have more
influence than younger channels and offer more
support.






Gold exceeds the last top at 898 on its way to


the next 75% retrace point at 90070


Gold appears to have found support at the DARK


GREEN Uptrend lower channel line and is now


going to move back up from there.