Thursday, March 26, 2009
6:00AM PDST GOLD TRADING IN A NEW BLUE DOWN FLAG, FINDING SUPPORT ON THE TOP LINE OF THE WHITE DOWN FLAG
Gold pulls back to the top line of the white down
flag and holds for now. Could still pull back a bit
more and then rally as it would still be within
the blue down flag.
Bonds continue higher, while Dow, Oil, Yen, Euro
all turn down. Dollar just about its current low 0f
.83915
Lines re-drawn on blue down flag
Gold tests the top blue line of the down flag,
but falls back. May soon break out higher.
APRIL GOLD
Gold could break up and out of this blue down flag
too. All my indicator markets are moving higher,
Dollar lower