Friday, August 8, 2008
ATTENTION..GOLD JUST BOTTOMED I WENT LONG AGAIN!
Gold has formed its down flag which will resolve up!
gold volume up is becoming better than down volume
very sketchy volumes today, much lighter than usual
but everyone is playing the waiting game waiting for the dust to clear
while the smart traders are now buying in..
If gold breaks out the bottom of the down flag (white lines on chart)
the game changes!
But I see it stabilizing right now and the bulls MUST MOVE IN NOW
or it goes down some more!
Dollar is pulling back a bit
6:53AM PDST
GOLD TAKES ONE LAST DIP TO SCARE THE SHIT OUT OF EVERY LONG
THEN GOES UP!
Gold has to go down to test the RED lower trendline of the MAJOR down flag
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment