GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Friday, September 12, 2008
HALF OF THE BIG PICTURE..THE USABLE PART
LOOKS LIKE A REVERSE HEAD AND SHOULDERS BOTTOM TO ME
THE BOTTOM IS IN.. LAST TWO DAYS TRADING
2:15PM AFTERNOON CLOSE
11:42AM PDST LOOKS LIKE GOLD IS GOING TO KEEP RISING TODAY
10:48AM PDST AND NOW THE AFTERNOON SELL OFF
10:32AM PDST NEW HIGH AFTER THE CLOSE
10:29AM PDST STRONG RALLY JUST BEFORE THE CLOSE
10:15AM PDST 2 POSSIBLE PULLBACK SCENARIOS
10:12AM PDST GOLD RETRACES 75% BACK UP
9:45AM PDST GOLD TRADING PERFECTLY TO CONFIRM THE BOTTOM IS IN
9:27AM PDST GOLD RETRACES 50% NOW MOVING BACK UP
8:35AM PDST GOLD GAPS UP THEN PULLS BACK TO FILL THE GAP
8:21AM PDST EXPECT A SUDDEN SELL OFF
7:35AM PDST SMALL H&S PATTERN WITHIN THE LARGER ONE
7:27AM PDST GOLD HITS NEXT 75% POINT..NOW THE PULL BACK THEN HIGHER
7:24AM PDST GOLD HITS 75% POINT AND KEEPS MOVING UP
7:16AM PDST GOOD VOL ON BOUNCE OFF BOTTOM
7:04AM PDST GOLD GETS HIT HARD...AGAIN!
6:43AM PDST QUITE A BATTLE HERE TRYING TO KEEP GOLD DOWN
6:01AM PDST WHERE GOLD IS HEADED...UP
5:57AM PDST BABY RHINO HORN PULLS BACK GOLD GOING HIGHER
5:50AM PDST A QUICK RALLY ON DECENT VOL..PULLBACK NOW?
5:38AM PDST VERY WEIRD TRADING ON LITE VOL WITH NEGATIVE REPORTS OUT
5:24AM PDST AND SO, WE START OUR DAY AS USUAL WITH A SELL OFF IN NY
5:08AM PDST THE RALLY ON LESS THAN 200 CONTRACTS PULLS BACK
5:05AM PDST A QUICK RALLY ON VERY LIGHT VOLUME
4:27AM PDST A CLOSER VIEW
4:24AM PDST GOLD CONTINUES HIGHER OVERNIGHT
Thursday, September 11, 2008
10:02PM PDST LAST CHART OF THE NIGHT
8:30PM PDST THIS IS WHAT THE BOTTOM IN GOLD LOOKS LIKE FOLKS
8:25PM PDST HEAD AND SHOULDERS (4shlders) HAS DEVELOPED RESOLVES UP
7:39PM PDST EVENING GOLD SO FAR
5:49PM PDST EVENING GOLD
5:03PM PDST GOLD RALLIES THIS EVENING
3:10PM PDST GOLD CONTINUES UP ON THE 3PM PDST COMEX GOLD RE-OPEN
2:15PM CLOSE UP VIEW OF TODAY'S TRADING LOOKS PROMISING TO THE UPSIDE
2:15PM PDST GOLD ON THE AFTERNOON CLOSE RETRACES JUST SHORT OF 75%
10:52AM PDST GOLD RETRACES 75%..NOW BACK UP?
9:27AM PDST PAST DAYS SHOW THAT CLOSE TO THE CLOSE MORE CHANCE FOR A SELLOFF
9:01AM PDST NEXT STOPS FOR GOLD MOVING HIGHER
8:58AM PDST GOLD MOVES HIGHER TO TAP 75% RETRACE POINT
8:41AM PDST PULL BACK OR MOVE HIGHER?
7:39AM PDST GOLD BREAKS UP AND OUT OF UP TREND CHANNEL ON STRONG VOLUME
8:11AM PDST GOLD GETTING SQUEEZED INTO A TRIANGLE..MAKING HIGHER LOWS, BUT LOWER HIGHS...MUST BREAK ONE WAY OR THE OTHER.MARKETS IN STATE OF CONFUSION
7:58AM PDST GOLD MOVING UP IN A NEW UP TREND CHANNEL..BUILDING A BASE HERE?
7:40AM PDST WEAK RALLY OFF THE LOW..VERY CAUTIOUS LONG TRADERS SELLING AT THE SLIGHTEST WEAKNESS
7:07AM PDST GOLD MAKES NEW LOW NEAR BOTTOM LINE OF DOWN TREND CHANNEL..EXTREMELY OVERSOLD
7:03AM PDST DOW GAPS DOWN ON OPENING, OIL DOWN, EURO DOWN..WILL BOTTOM OUT WHEN THE ELITES HAVE DRIVEN EVERYONE ELSE OUT OF THE MARKET
6:48AM PDST GOLD NOT MOVING UP FAST ENOUGH..SELLING BEGINS
‹
›
Home
View web version