9/14/2011 - XAU/USD - GOLD Spot/GOLD FUTURES

THE VULCAN REPORT
Review of $0$ XAU/USD - GOLD Spot/GOLD FUTURES (XAU USD)
as of Tuesday, September 13, 2011


Today's Price Action


Change   18.5000 (1.02%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     12.57
Swing Vix:     14.71


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    2 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 14 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, $0$ XAU/USD - GOLD Spot/GOLD FUTURES's price has decreased 1.30%, and has ranged from a high of 1,889.10 to a low of 1,794.80.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,582.42


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,491.49




INTRADAY PRICE PROJECTIONS
RESISTANCE 1,850.14 -   


SUPPORT 1,792.17 - GO SHORT here 1,773.80 - place stoploss here 1,879.20 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,949.07- GO LONG here 1,949.07 place stoploss here 1,773.80


PulseWave BreakOut SUPPORT - 1,680.13-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,606.26
Long term Trend Line resistance is currently at - 1,923.70
Long term Trend Line support is currently at - 1,582.42




VOLATILITY
On 9/13/2011, $0$ XAU/USD - GOLD Spot/GOLD FUTURES closed   
below the upper band by 48.2%.