Tuesday, July 12, 2011

Head fake from the Dollar, Gold Still holding KRA

Here's the 30 minute on Gold. Beginning stages of acceptance and the highs and lows here are very important remember take trades off of smaller levels that can produce larger degree of trades from other time frames.

If your a Gold Trader or even an investor its critical that you correlate the dollar and gold and watch them very closely. They both are at extreme levels, and there is going to be a serious move in the works here. You can see the price action in both of these are right at my levels and they have been acting as great resistance. If the dollar can close above my key reference area that's all we should need to be swing short gold, as you can see when the dollar push through it the first time we saw an immediate reaction in gold prices. So these levels are valid and have been valid for months, locked and loaded here. Good Trading Kratrader.

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