Wednesday, June 3, 2009

DOLLAR JUMPS TO .79165, AND GOLD SLIPS LOWER, EURO LOWER TOO

Gold is trending higher within the WHITE uptrend channel, which
resolves DOWN. It has risen above the RED downtrend channel upper line,
but couldn't keep moving up.
I still think gold is going to drop soon, as it is not moving up fast or well
and after this morning's drop, it may have traders scared to jump in here
and want to wait for a drop to buy on the dip.