Friday, March 27, 2009

THIS INTERMEDIATE LEVEL WHITE DOWN FLAG RESOLVES UP


Gold could retrace to the 75% fib point at 90630
and still be within the down flag. It would even
be good for it to get that low in the down flag
as it would be in the over-sold area which would
entice buyers to enter the market and boost the
gold price naturally based on good prices that the
buyers would be inclined to hold on to for the long
run rather than poor prices that they could be scared
out of when the shorts attempt to drive the market down.