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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, May 20, 2009
A DECENT RALLY, BUT WILL IT CONTINUE?
Volume is now light at about 100 contracts per minute
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DOW SELLS OFF ON THE CLOSE, DOLLAR DYING, CURRENCI...
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GOLD FINALLY BREAKS THROUGH THE BOTTOM BLUE UPTREN...
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GOLD FINDS SUPPORT AGAIN ON THE BLUE UPTREND BOTTO...
DOLLAR BREAKS .8000 FALLING TO .7995, CURRENTLY AT...
GOLD PULLS BACK ALMOST 75% OF THE SPIKE MOVE
BONDS FALLING MORE, EURO TURNS BACK UP, OIL MOVING...
GOLD SPIKES HIGHER TO 96310, PULLS BACK QUICKLY, R...
GOLD APPEARS TO BE FINDING SUPPORT ALONG THE BOTTO...
DOLLAR DROPS TO .8001, GOLD FINDS SUPPORT AT 95550
GOLD MAKES A NEW HIGH, TRADES THERE CAUTIOUSLY, P...
DOLLAR DROPS TO .8011
4:37AM PDST SUDDEN GOLD SPIKE ON 655 CONTRACTS THE...
THE BIG QUESTION TODAY IS: WILL GOLD BREAK ABOVE 957?
GOLD RETRACES 75% OF THE DOWN LEG FROM 957
NOTICE: EFFECTIVE TODAY MAY 22, 2009
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GOLD JUST KEEPS ON SLIPPING LOWER
GOLD IS CRAWLING SIDEWAYS ALONG A LEDGE FROM WHICH...
YES FOLKS, GOLD IS GOING DOWN A BIT, BUT HOW FAR?
GOLD CONTINUES DOWN AS THE H&S PATTERN RESOLVES LOWER
GOLD RALLIES ON LIGHT VOLUME, CREATES THE RIGHT SH...
THE RIGHT SHOULDER ?
DOLLAR FALLS BACK TO .8044
A BRIEF UP MOVE FAILS AND DOWN GOES GOLD, FIRST TO...
GOLD BREAKS DOWN OUT OF THE WHITE TRADING RANGE, N...
POSSIBLE H&S PATTERN HAS DEVELOPED, RESOLVES DOWN
GOLD MAY BE ROUNDING OVER TO GO LOWER ON PROFIT TA...
2:15PM PST AFTERNOON CLOSE
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AFTERNOON GOLD TRADING, RED DOWN FLAG RESOLVES UP
MOVING AVERAGES FOR 5/21/09
GOLD RISES INTO THE CRIMEX CLOSE, THEN SELLS OFF 6...
DOLLAR DROPS TO A NEW LOW AT .8058, GOLD HITS 951...
DOLLAR PLUMMETS TO .8102
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THIS IS JUST CRAZY ASS TRADING TODAY
THIS SHOULD PROVE TO YOU THAT YOU HAD BETTER TAKE ...
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GOLD DOUBLE BOTTOMS AND TAKES OFF ON LIGHT VOLUME
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BUYERS START TO MOVE BACK IN
GOLD WILL PROBABLY TURN NORTH ANY SECOND AND ZOOM
JUST BEFORE THE CRIMEX OPEN
949.10 IS THE 75% RETRACE POINT FOR THE ENTIRE DOW...
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SOMETIME OVERNIGHT THIS RED DOWN FLAG WILL BREAK O...
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GOLD MOVING LOWER ON THE 3PM PDST RE-OPENING, DOLL...
2:15PM PST AFTERNOON CLOSE
GOLD STILL TRADING ON VERY LIGHT VOLUME
GOLD WILL HIT THE 75% POINT AT 9394 AND FALL
GOLD BOUNCES UP OFF THE 1ST OF TWO 75% RETRACT POI...
GOLD RISES A BIT MORE ON LIGHT VOLUME, THEN FALLS ...
GOLD DROPS AFTER TESTING THE 75% POINT ON LOW VOLUME
GOLD RISES TO THE LAST 75% RETRACE POINT AT 9395 A...
DOLLAR DROPS TO .81145
GOLD RISES TO THE FIRST 75% RETRACE POINT ON 2 MIN...
GOLD QUIET ON THE CRIMES CLOSE, SO NOW WHAT?
GOLD POKES ABOVE THE RED DOWN FLAG, THEN FALLS BAC...
THIS IS A CLASSIC DOWN FLAG THAT RESOLVES UP
NEW WHITE UPTREND CHANNEL LINES DRAWN
THE WHITE UPTREND LINE IS VIOLATED AS GOLD FALLS F...
GOLD STILL FALLING WITHIN THE RED DOWN FLAG ON LIG...
DOLLAR FALLS TO .8218 THEN BOUNCES A BIT, BUT FADE...
DOLLAR GETS A PPT BOOST TO .8135, DOW FALLING, GOL...
GOLD RALLIES ON VERY LIGHT VOLUME, THEN FLOPS
VERY WEAK UP VOLUME SO FAR ALTHOUGH SOME SUPPORT A...
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GOLD CONTINUES TO FALL ON LIGHT VOLUME
GOLD STILL WEAKENING BUT DOWN VOLUME HASN'T KICKED...
DOLLAR HITS LOW OF .8122
GOLD FALLING SLOWLY WITH OCCASIONAL BUYERS WHO WIL...
RETRACE POINTS FOR THE PULL BACK
GOLD HITS THE 75% RETRACE POINT AND IS NOW FALLING...
GOLD RETRACES UP A BIT FORMING A NEW RED DOWN FLAG...
VERY WEAK RALLY AFTER GOLD FALLS BACK TO THE 1ST O...
GOLD TRYING TO FIND SUPPORT HERE ON THE TOP RED LI...
DOLLAR SINKS TO .81275, GOLD SPIKES TO 9396
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OIL CLIMBS INTO THE $61s, DOLLAR BOUNCE FLOPS, CUR...
A DECENT RALLY, BUT WILL IT CONTINUE?
GOLD MAY GET KNOCKED DOWN MORE AS THE BOUNCE FAILS
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