7/20/2010 - Gold Spot XAU/USD - THE VULCAN REPORT Review of GOLD Spot (XAU USD) as of Monday, July 19, 2010

 THE VULCAN REPORT
Review of GOLD Spot (XAU USD)
as of Monday, July 19, 2010

Today's Price Action

Change   -9.9900 (-0.84%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -26.13
Swing Vix:    -25.37

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    1 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 49 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if an upside breakout occurs.
        *Since the last Swing Vix signal, GOLD Spot's price has decreased 0.84%, and has ranged from a high of 1,210.6700 to a low of 1,177.5601.
     
       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 1,179.0150 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. - 1,204.3677
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 1,202.1023


         INTRADAY PRICE PROJECTIONS
        RESISTANCE 1,190.9674
        SUPPORT 1,181.4525

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 1,217.8400
       SUPPORT 1,184.8000

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 7/19/2010, GOLD Spot closed 
above the lower band by 10.0%.
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!



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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