Tuesday, April 28, 2009

GOLD FINDS SUPPORT AT THE 75% RETRACE POINT AND THE AQUA BLUE TOP LINE OF THE PREVIOUS DOWN FLAG



New uptrend channel (blue lines)
Gold should find support at the white top line
of the previous down flag if it's going to move
higher. Volume is precariously low on all these
moves. It is approaching the 75% retrace fig
at 89570 where it will, more than likely, pull back
75% of the up move from 8914, or find support
higher at the white line




Gold moves up off of support and has a final


jump of 165 contracts to hit 89460