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GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Wednesday, November 26, 2008
5:18AM PST DOW EXPECTED TO GO DOWN, COULD PULL GOLD DOWN WITH IT
Euro and Dow still weak
Dollar off its new high of .8573 at touch
and gold starts selling off on the open
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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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