Tuesday, August 29, 2006

Choppy Tuesday

Tuesday trading session say the Gold drift lower . The gold closed 619.10as the the U.S. Dollar struggled all session long to finally close positive. The Gold closed at 619.10 almost in the middle of the days trading range. The trade in the Gold was very choppy mostly following the very negative Crude Oil market. The Crude traded and settled in the day session below $ 70.00 per barrel for the first time in a long time. If your watching my guideline numbers you know we've been right on it the last few days.

The following are my guideline numbers for wednesday 8/30 in December

resistance # 2.................................. 629.00
resistance # 1.................................. 626.00
pivot ................................................ 623.00
support # 1..................................... 620.00
support # 2..................................... 617.00



resistance = possible opportunity to sell market
support = possible opportunity to buy market
pivot = possible point in market to determine direction

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