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7/15/2010 - Gold Spot - THE VULCAN REPORT Review of GOLD Spot (XAU USD) as of Wednesday, July 14, 2010

THE VULCAN REPORT
Review of GOLD Spot (XAU USD)
as of Wednesday, July 14, 2010

Today's Price Action

Change   -3.7700 (-0.31%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -24.01
Swing Vix:    -25.25

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    3 period(s) ago.
The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.   

A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. 

The last signal was a Over-Bought Sell 46 period(s) Ago.

The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.

        Since the last Swing Vix signal, GOLD Spot's price has decreased 0.12%, and has ranged from a high of 1,217.8400 to a low of 1,194.2400.

       MOMENTUM

     MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above 1,216.5801 is needed to re-establish the upward trend. However A close below 1,167.5000 will establish a new downward trend.


        TREND STRENGTH -

The close is currently Above it's Long Term period moving average. - 1,094.5300
The close is currently Above  it's Intermediate Term period moving average. - 1,205.4274
The close is currently Above  it's Short Term period moving average. - 1,209.7086
Today's Rally pushed prices on the close above the short term trendline support
      

         INTRADAY PRICE PROJECTIONS
        RESISTANCE 1,214.4087
       SUPPORT 1,206.0212

       WEEKLY PRICE PROJECTIONS
      RESISTANCE 1,213.5800
      SUPPORT 1,184.8000

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,606.0000
Long term Trend Line resistance is currently at - 1,265.0200
Long term Trend Line support is currently at - 1,094.5300


HYPER PARABOLIC CIRCUIT BREAKERS

PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
    
       VOLATILITY

On 7/14/2010, GOLD Spot closed  
above the lower band by 31.6%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.


     Pandora's Little Black Box of - (Buy & Sell Signals)

BUY Signals : 
 
SELL Signals : 



This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.