GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Tuesday, February 3, 2009
7:28AM PST GOLD MOVES BACK UP MORE THAN 100% OF THE LAST DOWN LEG, DOLLAR STILL DOWN AT .8550
It sure looks like gold is going to make a fast
run up to the 75% retrace point at 91590 at least
Gold has now formed a very short term REVERSE
HEAD&SHOULDERS Pattern which resolves UP!
It is now forming the right shoulder and should
move up.
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