Tuesday, May 5, 2009

A FEW BUYERS MOVE IN WHERE THE 75% RETRACE POINT AT 9098 COINCIDES WITH THE WHITE TOP LINE OF THE PREVIOUS DOWN FLAG, AN AREA OF POTENTIAL SUPPORT


Gold meets resistance near the top blue down
flag line and falls back, a 50% retracement of the
last down leg



But I don't think any rally will last. Right now

the volume is very light to the upside