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7/23/2010 - GOLD SPOT - THE VULCAN REPORT Review of GOLD Spot (XAU USD) as of Thursday, July 22, 2010

7/23/2010 - GOLD SPOT - THE VULCAN REPORT Review of GOLD Spot (XAU USD) as of Thursday, July 22, 2010
 
THE VULCAN REPORT
Review of GOLD Spot (XAU USD)
as of Thursday, July 22, 2010

Today's Price Action

Change    9.7200 (0.82%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -29.71
Swing Vix:    -29.67

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    4 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support before the underlying security. 
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 52 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 increased 0.17% , and has ranged from a high of 1,210.6700 to a low of 1,175.6000.
      
       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 1,220.0149 is needed to re-establish the upward trend. However A close below 1,179.0150 will establish a new downward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,095.2051
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,203.0514
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 1,196.9598


         INTRADAY PRICE PROJECTIONS
         RESISTANCE 1,196.3618
         SUPPORT 1,185.4883

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 1,217.8400
       SUPPORT 1,175.6000

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,604.6500
Long term Trend Line resistance is currently at - 1,265.0200
Long term Trend Line support is currently at - 1,095.2051
    
       VOLATILITY
On 7/22/2010, GOLD Spot closed  
above the lower band by 32.5%.
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.


     IN PLAY - (PANDORA'S LITTLE BLACK BOX)

BULL MARKET LONG/SHORT Signals :  

THIS SECURITY IS NOT IN PLAY AT THIS TIME!

BEAR MARKET LONG/SHORT Signals : 

THIS SECURITY IS NOT IN PLAY AT THIS TIME!




Risk Disclosure General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. 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. 

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