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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, February 4, 2009
10:29AM PST GOLD COULD FALL TO THE NEXT 75% RETRACE POINT, OR TO THE BLUE TREND LINE
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THE BIG PICTURE
THE LARGER PICTURE
THIS WEEK IN GOLD TRADING
2:15PM PST AFTERNOON CLOSE FOR THE WEEKEND
12:55PM PST
11:38AM PST GOLD GOING SIDEWAYS IN A RANGE IN AFTE...
10:50AM PST EURO MAKING NEW HIGHS, DOLLAR DOWN TO ...
10:45AM PST GOLD DROPS TO THE PREVIOUS LOW, SHOULD...
10:31AM PST DOLLAR DROPS TO .8543, EURO MAKING NEW...
10:10AM PST DOLLAR DROPS TO .85785
9:58AM PST DOLLAR DROPS TO .8583
9:36AM PST DOLLAR FALLS TO .8588
9:27AM PST GOLD SHOULD BREAK THROUGH 916 AT LEAST ...
8:15AM PST NEXT RETRACE POINT AT 91770
8:10AM PST DOLLAR DROPS TO .8603, DOW UP 220, EURO...
8:03AM PST GOLD MOVES UP TO THE 75% POINT AND PAST...
7:54AM PST GOLD FORMS A SHORT TERM REVERSE H&S PA...
7:48AM PST GOLD MOVES BACK UP AFTER MOVING DOWN NE...
7:39AM PST TOO QUICK A PULL BACK, THE MANIPULATORS...
7:30AM PST GOLD RETRACES 68.1% AND MOVES BACK UP O...
7:16AM PST DOLLAR DOWN TO . 8584
7:03AM PST DOLLAR SLIPS BACK DOWN TO .8594
6:50AM PST GOLD PULLING BACK SLOWLY
6:45AM PST GOLD COMPLETES THE FIRST 75% RETRACE BA...
6:36AM PST A PULL BACK NOW THEN GOLD MOVES HIGHER?
6:30AM PST DOLLAR DROPS FURTHER TO .8613
6:25AM PST GOLD FALLS FURTHER
6:15AM PST DOLLAR DROPS TO .8622, GOLD DROPS TO 90610
5:57AM PST GOLD CONTINUES TO DROP, NO LOGIC INVOLV...
5:45AM PST GOLD TRADING WILDLY IN A $5 RANGE
MARKETS GOING CRAZY ON JOBS REPORT NEWS FLYING UP ...
5:27AM PST THE OPENING SO FAR
5:21AM PST GOLD OVERNIGHT
5:19AM PST THE LARGER PICTURE AS OF THE OPEN ON FR...
2:15PM PST AFTERNOON CLOSE
1:54PM PST GOLD PULLING BACK IN A DOWN FLAG, WILL ...
11:29AM PST DOLLAR GETS PUSHED UP TO .8642 BUT FAL...
MOVING AVERAGES ON A DAILY CHART FEB 5, 2009
11:33AM PST GOLD RETRACES 68.1% OF THE MOVE DOWN F...
11:22AM PST GOLD CONTINUES HIGHER, COULD GO TO 921...
10:51AM PST GOLD RISES INTO, AND AFTER, THE NY CLOSE
10:21AM PST DOLLAR MOVES UP TO .8617 BUT SLIPS BAC...
9:53AM PST GOLD SHOULD MOVE BACK UP FROM HERE
9:48AM PST GOLD SUDDENLY DROPS 75% WHILE DOLLAR AL...
9:34AM PST DOLLAR NOW AT .8605 AND LOOKING WEAK
9:12AM PST GOLD DROPS TO THE FIRST 75% POINT AT 91...
9:04AM PST DOLLAR DROPS TO .8599
8:39AM PST DOLLAR RISES BACK UP TO .8626
8:07AM PST DOLLAR SUDDENLY DROPS TO .8590
7:50AM PST GOLD SUDDENLY JUMPS ON 2 MINUTES OF GOO...
7:35AM PST GOLD SLIPPING, BUT HOW FAR?
7:30AM PST TWO RETRACE POSSIBILITIES
7:25AM PST GOLD HAS RETRACED MORE THAN 75% OF THE ...
7:1818AM PST GOLD MAKES NEW HIGH ON THE OPEN
2:15PM PST AFTERNOON CLOSE
1:36PM PST
12:26PM PST SO, GOLD DOES RALLY IN THE AFTERNOON!
11:16AM PST GOLD HEADS BACK UP BUT IS STOPPED AT T...
10:59AM PST GOLD TAKES A DIP TO TEST THE LOW, NOT ...
10:29AM PST GOLD COULD FALL TO THE NEXT 75% RETRAC...
10:08AM PST GOLD IS BUILDING A LEDGE, READY TO FAL...
9:59AM PST GOLD RETRACES 75% TO 90130
9:54AM PST GOLD DOESN'T MOVE HIGHER, SO IT COLLAPSES
9:29AM PST GOLD IS TIGHTENING UP AND WILL BREAK FA...
9:01AM PST GOLD MOVES UP AGAIN
8:46AM PST GOLD GETS HIT ON VERY LIGHT VOLUME
8:40AM PST GOLD MOVES UP TO THE 75% POINT
8:28AM PST THE MARKETS ARE LINING UP AGAIN IN FAVO...
8:00AM PST GOLD PULLS BACK 75% WITHIN DOWNFLAG
7:53AM PST GOLD CONSOLIDATING IN THE DOWN FLAG
7:17AM PST EVERYTHING IS IN LINE FOR A BIG UPSPIKE...
7:00AM PST GOLD MAY PULL BACK AND CONSOLIDATE BEFO...
6:52AM PST GOLD MOVES HIGHER HITTING THE 50% RETRA...
6:45AM PST GOLD SPIKES HIGHER ON STRONG VOLUME
6:34AM PST GOLD BREAKS ABOVE THE WHITE DOWNTREND C...
6:19AM PST NEXT 75% RETRACE POINT IS AT 90830
6:16AM PST GOLD RISES TO THE FIRST 75% RETRACE POI...
6:05AM PST GOLD LOOKS LIKES IT'S GOING DOWN
5:32AM PST GOLD RISES ON THE NY OPEN
5:14AM PST OVERNIGHT GOLD TRADING
9:20PM PST
MOVING AVERAGES ON A DAILY CHART FEB 3, 2009
7:29PM PST GOLD WILL PROBABLY WANDER UNTIL NEAR MI...
6:45PM PST GOLD WANDERING THIS EVENING
11:50AM PST GOLD TRADES WITHIN THE DOWNTREND CHANN...
10:20AM PST GOLD STARTS TO SELL OFF BEFORE THE CLOSE
9:49AM PST GOLD RALLIES AFTER THE BIG SELL OFF
9:00AM PST GOLD DROPS NEAR THE 75% RETRACE POINT A...
8:34AM PST DOLLAR KEEPS FALLING, EURO RISING TO NE...
8:15AM PST DOLLAR FALL EVEN LOWER TO .8531, GOLD R...
8:06AM PST GOLD MOVES BACK UP
7:58AM PST GOLD DROPS SUDDENLY NEGATING THE SHORT ...
7:47AM PST SHORT TERM REVERSE HEAD & SHOULDERS PAT...
7:28AM PST GOLD MOVES BACK UP MORE THAN 100% OF TH...
7:21AM PST GOLD RALLIES WELL, DOLLAR FALLS EVEN FU...
7:03AM PST GOLD FORMS A SHORT TERM HEAD&SHOULDERS ...
6:49AM PST GOLD TRADING IN A RANGE AND CONSOLIDATI...
6:30AM PST DOLLAR SINKS FURTHER TO .8573 JUST AS ...
6:14AM PST DOLLAR PLUNGES TO .8589
6:06AM PST DOLLAR FALLS FURTHER TO .8617
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