PLEASE NOTICE THAT GOLD IS IN THE TOP REGION OF THE PURPLE UPTREND CHANNEL, A LONGER TERM CHANNEL THAN THE BLUE CHANNEL WHERE GOLD IS NEAR THE LOWER LEVELS. LONGER TERM CHANNELS PREVAIL OVER SHORTER TERM CHANNELS. THE CURRENT PULLBACK IS NOT SEVERE AND IS STILL ABOVE THE 1287.5 SUPPORT LEVEL CREATED LAST WEDNESDAY 9/22 WHICH HAS NOT COME CLOSE TO BEING VIOLATED SINCE THAT DATE. BUYING IN ON CURRENT DIPS SHOULD PROVE PROFITABLE IN THE NEAR FUTURE IF YOU DON'T OVER-MARGIN YOURSELF.
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