Monday, March 30, 2009

7:22AM PDST GOLD HOLDS AT THE FIRST 75% FIB AND MOVES UP OUT OF THE DOWN FLAG


Dow down 311 after a gap down open.
Dollar back up to .86425 after a dip and rally
Oil moving down
Euro keeps falling after every slight rally
Yen moving down
Bonds moving up


Gold moves higher up and out of the new down
flag. Could stop at the 75% fib and retrace, but
could also make new highs. I won't gamble going
long at the top of a run up like we just had.