GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Wednesday, April 8, 2009
GOLD LOOKS FOR SUPPORT ON THE THICK BLUE LOWER LINE OF THE INTERMEDIATE UPTREND CHANNEL THAT WAS VIOLATED LOWER
Looks like support has held, as gold is moving
back up.
Gold also retraced to the first 75% retrace point
on the pull back.
It is currently wavering as it attempt to move higher
on light volume for now
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