Daytrading Oct 8 pre-market, page-11

Gold remains in no man's land, currently $1,208.30. Flip a coin on where it will go in the short term.

From *****.....

"The metals responded well yesterday, bouncing strongly after gold tested the two year double bottom. The U.S. dollar index was down 1% as well but a word of caution. The market was extremely oversold, as was the U.S. dollar index in the short term, but gold managed only a $20 bounce. Not to discourage the bulls, but we again find the U.S. dollar bid this morning and the gold price trading sideways. A technical pop above the $1,212 level should encourage more shorts to cover, but a break below the $1,197 level will again suggest a resumption of the down trend. The market is extremely U.S. dollar sensitive. It is not likely we will see a wash out today, but more of a grinding trade as the technicians fight for level control. "

Generally, it looks like yet another quiet day for me. It's starting to become very tedious reading online newspapers throughout the day to fill in my time ~~