GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Friday, August 29, 2008
FRIDAY CLOSE DAILY CHART WITH HIGH ON 3/12/08
FRIDAY CLOSE 1200 MINUTE CHART
FRIDAY CLOSE 120 MINUTE CHART
FRIDAY GOLD CLOSE 60 MINUTE CHART
2:15 PM PDST DEC GOLD CLOSE FRIDAY BEFORE LABOR DAY WEEKEND
10:47AM PDST GOLD SELLS OFF AT THE CLOSE THEN RALLIES AFTER
10:05AM PDST GOLD BOTTOMS? OR DOWN MORE TO 83360?
9:44AM PDST SELL OFF MORE OR RALLY FROM HERE?
8:15AM PDST GOLD WORKING LOWER ON LOW VOLUME..SHOULD RETRACE 75% THEN RALLY
7:58AM PDST RETRACE THEN HIGHER
7:44AM PDST GOLD RALLIES BEYOND THE 75% POINT FOR THE WHOLE UP MOVE FROM 83520..SHOULD RETRACE THEN RE-RALLY HIGHER
7:39AM PDST GOLD RALLIES 75% OF A HIGHER LEVEL WILL RETRACE THEN RALLY HIGHER
7:31AM PDST FIRST RALLY TO 75% WILL SELL OFF TO 83390 THEN RALLY BIG TIME
7:27AM PDST GOLD STILL GOING DOWN LOW VOLUME ON THIS FIRST RALLY
7:00AM PDST GOLD WILL FALL TO AT LEAST 83390
6:55AM PDST GOLD WILL FALL FURTHER THEN RALLY
6:45AM PDST GOLD WILL TAKE BACK THE WHOLE RUN UP BACK TO AT LEAST 83810 OR 83640
6:02AM PDST GOLD BREAKS UP OUT OF CONSOLIDATION AND RETRACES 75%..NOW A PULL BACK..THEN HIGHER?
5:55AM PDST CPI REPORT HAS NO REAL EFFECT ON GOLD..IN A $3 TRADING RANGE FOR NOW
4:58AM PDST CLOSE LOOK BEFORE THE OPEN
4:55AM PDST GOLD SELLS OFF AT 4AM PDST
Thursday, August 28, 2008
8:00PM PDST 75% RETRACE OF LAST SHORT TERM UP LEG..NOW DOWN MORE OR UP?
7:29PM PDST THE LARGER VIEW
7:25PM PDST EVENING GOLD RALLIES AFTER THE USUAL RE-OPENING SELL OFF..WILL RETRACE..THEN RALLY OVERNITE
12:22PM PDST GOLD KEEPS MOVING UP CAUTIOUSLY ON VERY LIGHT VOLUME
10:22AM PDST VERY LIGHT VOLUME ON THE RALLY..MAY SELL OFF AFTER THE CLOSE THEN RALLY AGAIN
9:50AM PDST THE RALLY CONTINUES ON VERY LIGHT VOLUME
9:10AM PDST FINALLY GOLD PUTS IN A RALLY, BUT ON LOW VOLUME
9:00AM PDST GOLD RETRACES 50% OF UP MOVE FROM 812 BUYERS MOVING IN
8:41AM PDST GOLD RETRACES 75%+ OF ENTIRE UP MOVE FROM 828 IS NOW RALLYING
8:26AM PDST GOLD RETESTS LOW AND FALLS THROUGH TO NEAR YESTERDAY'S CLOSE..NORMAL PATTERN GOLD SHOULD RALLY FROM HERE
8:10AM PDST GOLD BUILDING A BASE AND MOVING BACK UP FIRST TO 84410
7:55AM PDST GOLD TAKES BACK THE WHOLE UP MOVE AND WILL NOW RALLY
7:05AM PDST I TOLD YOU THERE WOULD BE A SELL OFF.. LOOK FOR 84070 OR LOWER
6:35AM PDST SELL OFF BEGINS
6:00AM PDST 2ND SPIKE UP ON LOW VOLUME TOTAL VOL 5:30-6AM ONLY 11.8K NOT LARGE SELL OFF COMING
5:50AM PDST GOLD IS RALLYING 75% TO 848 SHOULD SELL OFF BEFORE RALLYING HIGHER NEXT WEEK
5:40AM LOOK FOR FURTHER SELL OFF IN GOLD TO 840 AREA THEN A RALLY
5:26AM PDST SPIKE UP ON MODERATE VOLUME NOW A SELLOFF
5:04AM BLOW OFF SPIKE UP BEFORE THE PRE-OPENING SELL OFF
4:45AM PDST GOLD UP OVERNIGHT
Wednesday, August 27, 2008
9:30PM PDST GOLD MOVING UP 10 (yellow) AND 20 (white) PERIOD MOVING AVGs ADDED
10:53AM PDST AFTER CLOSE AFTERNOON TRADING
10:24AM PDST CLOSE UP BEFORE THE CLOSE
10:20AM PDST GOLD MOVES UP OUT OF THE DOWN FLAGE NEAR THE CLOSE
10:20AM PDST NEAR THE CLOSE A DOWN FLAG SHOULD RESOLVE UP
10:04AM PDST GOLD FALLS TO YESTERDAY'S CLOSE PRICE
9:45AM PDST GOLD SELLS OFF ALMOST 50% OF UPMOVE FROM 812 TO 84140
6:55AM PDST GOLD FALLING BACK
6:36AM PDST LOOKS LIKE IT'S GOING BACK UP, BUT WHO KNOWS?
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