GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Wednesday, May 6, 2009
GOLD RALLIES MORE THAN 75% OF THE SELL OFF BUT DOESN'T TAKE OUT THE PREVIOUS HIGH, ALL ON MODERATE VOLUME
50% pull back and a quick move back up that
finally takes out the previous high (not shown)
Gold fails to take out the previous high and has
pulled back and is now dropping fairly quickly
to retrace the rally or go lower.
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