GOLD BOTTOMS AND MOVES BACK UP

NEW BLOG CHARTS POSTED Gold moved back up strongly after bottoming right before the opening of the day session in NY. Volume was strong and gold exceeded the 75% retrace point at 91380 (see charts) and is now pulling back to around 90980 (75%) The new short term up channel (white lines), because it is short term...doesn't HAVE to resolve down...IF it's the first up channel after a bottom... When it's a down flag at the top of a run up, it DOES resolve up to higher prices It's a consolidation pattern then. At a bottom it's just a turn around pattern as prices move back up. caveat: UNLESS IT ISN'T! Still haven't had time to check the other markets or morning reports yet... Too busy posting for you folks... But after a while, you just know what is going on by watching gold... back after my review of things...