Tuesday, August 25, 2009
GOLD COULD PULL BACK OR MOVE HIGHER FROM HERE, WE SHALL SEE
Dollar has moved higher but not much
Euro has been strong, but is slipping back for now
Wait for a good pull back to go long, then take your
profits before the Crimex session begins.
GOLD CLIMBS OUT OF THE WHITE DOWNTREND CHANNEL IN EVENING TRADING
GT is back from shopping.
My posts have been without the usual comments, unless
I feel something very important is happening, because I
have been monitoring the market 24 hours a day, sleeping
in increments of an hour or so which is slowly killing me.
Many good moves are happening overnight, but at uncertain
hours. The opening moves at the Crimex are very dangerous
to trade if you are even one second tardy on your entry and exit.
Until I can determine what time period is most advantageous to
trade, or the lack of sleep kills me, I will be continuing to monitor
the market 24/7. Bear with me. I'm only mortal.
3:00PM PDST EVENING GOLD REOPENS WEAKLY
The Crimex Manipulators have learned how to let traders
have some upside profit on the opening only to take it all
back in the rest of the session. Part of this gold sell off has
to do with expiring options and knocking them down so the
option brokers can rape unwary option traders.
GOLD GETS WHACKED GOOD, FINDS RESISTANCE AT THE PREVIOUS BOTTOM WHITE UPTREND LINE
gold will probably retest this low before moving back up
GOLD NOT SHOWING MUCH STRENGTH MOVING BACK UP, BUT COULD IF DOLLAR KEEPS MOVING LOWER
The Euro is backing down a bit.
This is a transition point where the Indicator markets
are appearing to turn against gold a bit after a good
run up
GOLD MOVES LOWER WITHIN THE DOWN FLAG, COULD MOVE MUCH LOWER
Euro has been strong but may be topping
Dollar slipping lower
It feels like gold has made its big move for today.
Now the shorts will attempt to contain it for the rest
of the Crimex session.
GOLD PULLS BACK IN A DOWN FLAG WHICH MAY RESOLVE HIGHER
Gold may have moved as high as it's going to for today.
I would want to see a good pull back before going long
here as there may not be enough profit potential in any
up move worth the risk of the trade.
GOLD MOVES UP TO THE YELLOW DOWN TREND LINE
Gold has now taken back all of yesterday's sell off which
was done in anticipation of options that were about to expire.
GOLD RALLIES WELL ON THE CRIMEX OPEN
The major retrace point is at 96360.
The next tops to exceed are in blue, plus
gold has to break above the yellow down trend line.
We may get a pull back now for a good part of the morning
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