10:29AM PDST

Just before the day session close gold is holding above 836 and is now rallying to 8392+ Expect a further sell off after the close from this rally, perhaps down to 83240 (75%) of today's overall rally. Euro is forming a down flag which should resolve up. Dollar continues sinking without any substantial rally. Bonds have rallied almost 50% of its "fishline drop" sell off today. Dow is backing off its late weak rally. Oil is staying up in ths 120s and should help gold higher overnight On the close gold has rallied up to, and slightly above, the top line of the down flag (see chart)