Thursday, February 5, 2009

7:1818AM PST GOLD MAKES NEW HIGH ON THE OPEN


I stayed up until about 3am pst to manage
the trade (the green lines) that had gone against
me the last two days. I got out with a decent profit
when I thought gold had peaked, and because I
couldn't keep my eyes open any longer.
When the alarm went off an hour later, I
'rested my eyes' for a moment. They didn't open
until just 30 minutes ago.
Gold is back above the dark black MAJOR
DOWNTREND LINE and appears it may hold
above that area which will become support for
the gold price from now on. You can see it dipped
down to the line this morning and rallied.
More to come as I get up to speed on the data.