Monday, March 30, 2009

7:57AM PDST GOLD CONSOLIDATING WITHIN THE DOWN FLAG


It's beginning to look like gold will continue
to consolidate here and then break up and out
of this down flag, possibly today during the
day session. I suspect the move to take place in
about an hour, as that is a typical time of the session
when many moves take place (near 9am pdst).
If that doesn't happen, gold may sell off near the close
then rise this afternoon and evening.