Monday, April 13, 2009

GOLD SUDDENLY SPIKES HIGHER ON 979 CONTRACTS IN ONE MINUTE HITTING 901.20


A sudden sell off.
Gold has reached quite a few resistance points
now and could easily pull back on profit taking
as it appears the manipulators are not having
very much success today in holding gold back.



Gold hits the white top uptrend channel line

before pulling back and has exceeded the thick

blue uptrend channel top line by a decent amount

It could find support on the blue line and move higher

but I still think gold will pull back later today and/or

tonight