Thursday, March 5, 2009

9:45AM PST GOLD FINDS RESISTANCE AT THE BLUE DOWNTREND LINE ON THE RETRACE


Gold is now forming another down flag which
'could' resolve up, but I still think gold will be
pushed down further on profit taking as well
as any manipulation the shorts can muster to
knock it down before the Crimex close today.
Besides, any up move of this size NEEDS to
pull back to equalize the forces of up and down
to then move higher without becoming over bought