Thursday, April 9, 2009

THURSDAY 5:47AM PDST GOLD GETS HIT, MAY GO LOWER, WEAK BOUNCE


Weak looking descending pattern of lower highs.
We make get an exciting spike up in gold today
ahead of the Easter holiday, but I have no facts
to back that up. Just a guess and the fact that some
of the biggest quick up moves I've ever seen have
been late on pre-holiday sessions.
Otherwise, gold may get beaten down for a few more
days or weeks before turning back up for good.



Gold retests the low after a weak bounce up after

the sell off.