Friday, March 27, 2009

7:59AM PDST GOLD TURNS LOWER IN THE BLUE DOWN FLAG AND FALLING BELOW THE WHITE UP CHANNEL


If the blue down flag doesn't hold, gold could
drop down to the 75% retrace point at 90620






So far, gold has had a very weak morning, but


at least has not collapsed in a major way. But


the day is young and the Dollar is still strong,


but beginning to slip lower, now at .8555