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

THE VULCAN REPORT
Review of $0$ XAU/USD - GOLD Spot/GOLD FUTURES (XAU USD)
as of Thursday, September 08, 2011


Today's Price Action


Change   53.1000 (2.92%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     26.97
Swing Vix:     25.53


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    5 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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 11 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 increased 2.47% , and has ranged from a high of 1,923.70 to a low of 1,793.80.


     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. - 1,580.23


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,483.97




INTRADAY PRICE PROJECTIONS
RESISTANCE 1,876.16 -  GO LONG here 1,911.23 place stoploss here 1,797.03


SUPPORT 1,813.34 - GO SHORT here 1,797.03 - place stoploss here 1,911.23 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,949.07- GO LONG here 1,949.07 place stoploss here 1,797.03


PulseWave BreakOut SUPPORT - 1,680.13-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,610.64
Long term Trend Line resistance is currently at - 1,923.70
Long term Trend Line support is currently at - 1,580.23




VOLATILITY
On 9/8/2011, $0$ XAU/USD - GOLD Spot/GOLD FUTURES closed   
below the upper band by 23.6%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.