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GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Friday, November 28, 2008
11:00AM PST FRIDAY'S TRADING SO FAR
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THE BIG PICTURE SO FAR
THE INTERMEDIATE UPTREND CHANNEL (red lines)
THIS WEEK IN GOLD TRADING
2:15PM PST AFTERNOON CLOSE
1:11PM PST GOLD SUDDENLY DROPS 75% OF THE LAST UP LEG
12:10PM PST GOLD MOVES ABOVE THE DOWN FLAG WEAKLY ...
11:15AM PST GOLD FORMS A DOWN FLAG
11:00AM PST FRIDAY'S TRADING SO FAR
10:49AM PST GOLD PULLS BACK AFTER THE CLOSE, OTHER...
10:14AM PST DOW CLOSES EARLY UP 100 POINTS, GOLD B...
10:02AM PST GOLD FORMS A DOWN FLAG SUPPORT AT 815...
9:32AM PST GOLD SPIKES UP $8 FOR NO REASON ON STRO...
9:25AM PST GOLD ACTIVE TODAY AND TRADEABLE WITH VE...
5:32PM PST MOST MARKETS REOPEN FOR REGULAR BUSINESS
1:42PM PST THURSDAY GLOBEX TRADING
6:30PM PST GOLD GOING SIDEWAYS FOR THE LAST 3 DAYS
6:20PM PST GOLD INCHING UP
2:15PM PST AFTERNOON CLOSE
1:11PM PST DOW AND GOLD SELL OFF AFTER THE DOW CLOSE
1:03PM PST DOW HOLDS ITS RALLY SO GOLD STAYS UP, O...
12:08PM PST DOW BEGINS TO SELL OFF, SO GOLD GOES D...
11:20AM PST THE AFTERNOON RALLY
10:34AM PST GOLD DOES A SLOW FADE ON THE CLOSE, NO...
10:15AM PST GOLD MAY RALLY RIGHT AFTER THE CLOSE
THE LARGER PICTURE SO FAR
8:24AM PST MARKETS STOP MAKING ANY SENSE AT ALL
7;56AM PST GOLD DOES AN ABRUPT TURN AROUND
6:40AM PST EVERYTHING GOES IN REVERSE AS OIL GAPS ...
7:35AM PST DOLLAR DOWN TO .8532, GOLD RALLIES 75%,...
7:02AM PST DOW RALLY STARTS TO FIZZLE, GOLD MOVES ...
6:44AM PST EURO DOWN, YEN UP, GOLD PROBABLY MOVING...
6:28AM PST DOW TO OPEN LOWER, EURO DOWN, DOLLAR UP...
6:17AM PST GOLD DOES PULL BACK FROM THE PREVIOUS H...
6:02AM PST GOLD MOVING UP VERY CAUTIOUSLY ON LOW V...
5:26AM PST VERY LIGHT VOLUME ON THE BOUNCE, WAIT F...
5:18AM PST DOW EXPECTED TO GO DOWN, COULD PULL GOL...
5:05AM PST NEW LARGER DOWN FLAG, UPTRENDLINE VIOLATED
4:50AM PST STILL MORE SELLING PRESSURE
4:40AM PST EURO IS FALLING AND SO IS DOW INDEX, GO...
4:24AM PST THE DIP BEFORE THE MORNING RUN UP?
7:44PM PST
6:12PM PST BLUE UPTREND LINE RE-DRAWN TO INCLUDE T...
4:49PM PST GOLD SELLS OFF 61.8%+ IN AFTERNOON TRADING
1:03PM PST
11:33AM PST GOLD TRADING SIDEWAYS IN AFTERNOON TRA...
8:11AM PST GOLD TAKES ALL BUT 10 cents OF IT BACK
7:55AM PST GOLD TAKING IT ALL BACK, SO WHAT'S NEW?
7:43AM PST DOLLAR RISING TO .8540+, EURO FALLING
7:30AM PST WHICH WAY NOW?
7:11AM PST GOLD MAY RETRACE, THEN GO HIGHER
6:55AM PST LOOKS LIKE GOLD IS GOING TO TAKE BACK T...
6:34AM PST GOLD NEVER SITS STILL, IF IT'S NOT GOIN...
THE LARGER PICTURE NEXT RETRACE POINT AT 87610
6:16AM PST DOLLAR FALLS TO .8503 EURO UP TO 1.3060...
6:06AM PST
6:00AM PST GOLD TAKES OUT THE OLD HIGH AT 831 MOVI...
5:52AM PST GOLD PLAYING WITH THE TOP BUT STARTING ...
5:45AM PST GOLD BREAKS OUT OF AN UP FLAG AND EXPLO...
5:25AM PST GOLD COULD COIL HERE AND GO HIGHER
RHINO HORN ALERT!
5:18AM PST GOLD RISES JUST BEFORE THE OPEN AFTER F...
5:08AM PST GOLD DROPS BEFORE THE OPEN
4:45AM PST TUESDAY OVERNIGHT GOLD TRADING
5:36PM PST GOLD FALLS ALMOST 61.8%
4:55PM PST GOLD MOVES LOWER VERY SLOWLY
3:10PM PST GOLD RE-OPENS LOWER
12:55PM PST DOW RALLY SELLS OFF JUST BEFORE THE CL...
12:43PM PST NEXT 75% RETRACE POINT AT 82770
12:36PM PST GOLD RETRACES 75% BACK UP THE LAST DOW...
12:36PM PST GOLD RETRACES 75% BACK UP THE LAST DOW...
10:34AM PST GOLD SELLS OFF ON THE CLOSE DOWN 61.8%...
10:10AM PST MORE PULLBACK OR BREAK OUT HIGHER?
10:05AM PST NEW UPTREND CHANNEL
8:03AM PST
6:38AM PST GOLD TOPS OUT FOR THE MOMENT, EURO FALL...
6:47AM PST TRADING RANGE FOR NOW (blue lines) GOLD...
6:36AM PST
6:05 GOLD MOVES LOWER SLOWLY FOR LACK OF UPWARD MO...
5:59AM PST GOLD MOVING DOWN JUST BECAUSE IT DIDN'T...
5:48AM PST GOLD COULD BREAK TO THE UPSIDE IN A WHILE
5:03AM PST DOWN FLAG FORMED, ONE FALSE UP MOVE BEF...
4:48AM PST GOLD DROPPING BUT MAY EXPLODE ON OR BEF...
SWITCHING TO FEB'09 GOLD TODAY CHARTS ARE LABELED ...
4:30AM PST SUNDAY AFTERNOON OPEN AND OVERNIGHT GOLD
4:29AM PST THE RISE SINCE FRIDAY'S BIG MOVE UP
4:22AM PST MONDAY GOLD NEAR THE FIRST OF TWO 75% R...
6:55PM PST
4:16PM PST
3:57PM PST SUNDAY AFTERNOON
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