Sunday, June 14, 2009

POSSIBLE LOWER RETRACEMENT POINTS


Euro gapped down on the opening and moved lower
Dollar moving higher with a high of .8085 today and has
not exceeded the high Friday at .8095
Yen is moving lower
No other data yet
Gold could touch the next 75% retrace point at 93570 and
move back up
There has been some large amount of sellers, but volume
are light right now. 316 contracts just traded between
9371 and 9375.
267 of them were sellers.
Gold is now slipping lower.
I expect it to rally from the 75% point (93570)