Gold Struggles To Stay Over $600.00

In Friday's trading session it turned into a long position profit taking fueled by Fund selling in the Crude Oil. For the most part Gold and Crude Oil run together. Lately the Funds have been getting crushed in the Crude Oil and after a pretty large rally the last few days in both the Gold and Crude Oil I believe the Funds took profits locking the 2 day profit (taking the money)before the weekend and the beginning of the 4th quarter. The Gold went from 605.00 to 600.30 in what seemed like minutes as the Crude Oil broke 80+ points during the same period. If this doesn't teach you to trade with stop/loss orders and stay with your numbers nothing will. My second support number 601.00 was the my salvation today. The Gold market managed to rally very late in the trading session and closed at 604.50. The trading range for the day session.....
Opened ...607.00-606.50.........
Low.....599.50 .........
Closed...604.50........
The following are my guideline numbers for 10/01 Monday for December Gold.............


resistance # 2 ...............612.00
resistance # 1 ...............609.50
pivot ..........................................604.50
support # 1 ...................600.00
support # 2 ...................596.00

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



To open an Account with me.....Call 1-888-282-2770

I trade more than Gold . I trade the world.

For a FREE consultation call now and leave your name & phone #
or email mdaly@manducatrading.com with questions and comments.....

Trade Smart

Gold Closes Over $ 611.00...............

Todays Gold trading session was a true waffle market that closed very strong.
The market rallied despite a stronger U.S. Dollar.The gold and the Crude oil seemed to mirror each other most of the day. Crude Oil went from being over 100pts.higher to lower on the day to 70+ pts. higher at the gold close.The gold had a very nice range as well.(High...612.40........Low.....604.00.....closing at 611.50)
I believe the Gold and Crude Oil both reacted strongly to the Iran / European Union
break down of their negotiations.Iran's President Ahmadinejad was quoted as saying "We will never give up nuclear enrichment". I believe the European Union thought they were close to a deal. I guess negotiations will continue.

The following are my guideline numbers for 9/29 Friday for December gold .........

resistance # 2.................617.00
resistance # 1 ................614.00
pivot...................609.00
support # 1 ...................605.50
support # 2 ...................601.00

resistance = point to possibly sell market
support = point to possibly buy markey
pivot = possible point to determine direction


I trade more than Gold. In fact I trade yhe world....
To open an Account , ask questions , Free consultation , call
Mike Daly @ 888-282-2770.......email mdaly@manducatrading.com

Trade Smart..........

Gold Over $600.00................

The Tuesday trading session in December Gold started higher and after a support searching dip proceeded to close over $600.00 and settling 6o3.50. The market feels strong because it's recapturing lost ground in a grinding fashion. It's not exploding to the upside like many experts thought it would just 2 weeks ago. I believe the gold community realizes that the dollar is not as strong as the FOMC claims and the thought of Crude Oil going back to $40 per barrel is probally wishful thinking. Lots of physical Gold is being purchased world wide and my belief is even more will be purchased in the fourth quarter. My pivot number for today's session was 60 cents off the low. The low of the day was 595.40.......my pivot 596.00......

The following are my guideline numbers for Thursday 9/28 in december Gold......
Keep an eye on the Jobless Claims /Export Sales (7:30 AM ....CST )

resistance # 2...................................610.00
resistance # 1...................................606.50
pivot .................................................601.00
support # 1 ......................................597.00
support # 2.......................................591.50



resistance = point to sell market
support = point to buy market
pivot = point to determine direction-
I trade more than Gold. I trade the world.
To Open An Account Call 1-888-282-2770

For a Free consultation , questiona , or comments........Call now.....or Email.....
mdaly@manducatrading.com

Gold Closes 596.30

The day session in December Gold traded in a $8.00 range . The market held 599.50 several times (my sell point for today 599.50 ) and was the high of the day. I think traders tried to get a 600.00 print in December resistance was strong. The U.S Dollar was strong and the Crude Oil was also higher most of the session. I believe the Gold trading community believes their is inflation brewing and is not reacting to the over supported Dollar. Normally if the Dollar is up over 50 pts. Like it was at one point today the Gold should be much lower. Next Monday starts the fourth quarter and the history of Gold in the fourth quarter is normally bullish.

high.......599.50 my....... 1st resistance............599.50
low ........591.60
close .....596.30

The following are my guideline numbers 9/27 for Wednesday in December Gold..........

resistance # 2.............................604.00
resistance # 1 ............................600.50
pivot ......................................................596.00
support # 1 ................................592.50
supprrt # 2.................................588.00

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


I trade more than Gold. In fact I trade the world.
Open an account 1-888-282-2770
Questions ,comments, or FREE consultation call now.......

Trader Smart email........mdaly@manducatrading.com

Gold Closes 596.30.................

Late Bull Rally............

Monday's Gold trading session started slow dfrfted down to 587.50 (my support level was 588.00) for it's low of the day. I believe even with the Dollar stronger most of the day the Gold was not only following the Crude Oil today, but I think the U.S economic numbers are not that strong as of late and I think the Gold sector and trading community realize it and are trading technically. With a slight higher on the day closing (595.90) the market has fought to settle higher 4 days in a row. The market was $7.00 + lower at 10:00 am and reclaimed loss' gradually the second half of the trading session. The market is being supported by loads of physical gold being purchased world wide.

The following are my guideline numbers for 9/26 Tuesday in December Gold....................

resistance # 2.................................603.00
resistance # 1.................................599.50
pivot ..........................................................593.50
support # 1 ....................................590.00
support # 2 ....................................583.50

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


I trade more than just Gold. In fact I trade the world....
Open an Account with me.....1-888-282-2770
Call for a FREE consultation,email questions & comments mdaly@manducatrading.com

Trade Smart......................

Friday Rally..............

Friday's Gold session finished up $ 7.10 higher on the day. The U.S. Dollar was weak most of the day and really couldn't get positive despite much lower Crude oil prices. (well over 100 pts. lower at times). The reason for the Gold rally is probally the large amounts of physical Gold being purchased world wide and also technical continuation from the previous few sessions.

The Market held my pivot point 586.50 for the low of the day !!

Look at the high of the day .. I missed it by 70 cents !!

The following are my guideline numbers for 9/25 Monday for December Gold........

resistance # 2........................................606.00
resistance # 1........................................599.50
pivot .............................................................593.00
support # 1............................................588.00
support # 2............................................580.00

resistance = possible point to sell market
support = possible point to buy market
pivot = possible point in the market to show direction


I trade more than just Gold. I trade the world and have pivot/support/resistance for all markets.............



Call 1-888-282-2770 for a Free Consultation.....Free Option strategy booklet.......

To Open an account, share comments, ask questions CALL TODAY..............

Gold Closes Positive...........

Today's Gold trading session started out neutral to lower I believe looking for some support.
It traded down to 579.90 before starting it's climb to 590.80 before closing at 588.20.
It appeared to be a pure technical trade today and whenever the U.S. Dollar ticked lower the Gold and Crude Oil ticked higher. With soft to neutral economic numbers at 7;30 and 9:00 am this morning the Dollar started out weak and got weaker as the day went on. The Gold gained $2.10 for the day putting a couple of positive days together.

The following are my guideline numbers for 9/22 Friday in December Gold...............

resistance # 2.................597.50
resistance # 1.................593.00
pivot ......................................586.50
support # 1 ....................582.50
support # 1 ....................575.50

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

I trade more than just Gold and have guideline numbers for ALL
MARKETS.........

Open an Account.........

Call for a free consultation.....Questions......Strategies....Etc. And get a Free options strategies booklet........

Call 1-888-282-2770 or email mdaly@manducatrading.com

Trade Smart............

Weak Dollar = Positive Gold

Very weak U.S. Dollar today helped the Wednesday Gold session close $3.00 higher .
Even with the Crude Oil market trading below $61.00 a barrel (well over 100 pts. Lower) the Gold held it's ground after opening lower and rallied to close positive for the day.
Reports again show huge interest from India to purchase Gold.

Gold 9/20 High....592.50
Low....578.30 (top to bottom= $1400 per 1 contract )
Close..586.20

As you can clearly see Gold has wide trading range during a single session.
Today my first support level(position to buy) was 578.50. In my opinion the way to trade this Gold market is to either put on option spreads, future spreads, or to day trade and take what the market gives you/ cut your loss' using stop loss orders.
The swings on a Daily session have been huge. To get stubborn in these markets is insane.

There are still fears of Inflation no matter what the FED says publicly !!!!
Numbers speak for themselves....The increase of Wages is out weighing productivity Gains.....
If this trend continues look for higher interest rates by years end.

The following are my guideline numbers for 9/21 Thursday in December GOLD.........

resistance # 2......................599.50
resistance # 1......................592.50
pivot .........................................585.50
support # 1 .........................578.50
support # 2 .........................571.50

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


I trade more than just Gold. I trade the World and offer points for all markets.
please feel free to question , comment, and have a one on one conversation with
me. Call 1-888-282-2770 or email mdal@manducatrading.com

Open an Account and Trade Smart.......

Weak Dollar = Positive Gold

Very weak U.S. Dollar today helped the Wednesday Gold session close $3.00 higher .
Even with the Crude Oil market trading below $61.00 a barrel (well over 100 pts. Lower) the Gold held it's ground after opening lower and rallied to close positive for the day.
Reports again show huge interest from India to purchase Gold.

Gold 9/20 High....592.50
Low....578.30 (top to bottom= $1400 per 1 contract )
Close..586.20

As you can clearly see Gold has wide trading range during a single session.
Today my first support level(position to buy) was 578.50. In my opinion the way to trade this Gold market is to either put on option spreads, future spreads, or to day trade and take what the market gives you/ cut your loss' using stop loss orders.
The swings on a Daily session have been huge. To get stubborn in these markets is insane.

There are still fears of Inflation no matter what the FED says publicly !!!!
Numbers speak for themselves....The increase of Wages is out weighing productivity Gains.....
If this trend continues look for higher interest rates by years end.

The following are my guideline numbers for 9/21 Thursday in December GOLD.........

resistance # 2......................599.50
resistance # 1......................592.50
pivot .........................................585.50
support # 1 .........................578.50
support # 2 .........................571.50

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


I trade more than just Gold. I trade the World and offer points for all markets.
please feel free to question , comment, and have a one on one conversation with
me. Call 1-888-282-2770 or email mdal@manducatrading.com

Open an Account and Trade Smart.......

$ 10.00 break Tuesday.............

Today traders gave back Monday's $10.00 rally. The Market opened a couple dollars lower and traded sideways until the dollar began to show strength and the Crude Oil began it's journey to settle 134 lower when the Gold closed. News out of the Middle-east stated all Israeli troops would be out of Lebannon by the weekend. (Sat. Rosh Hashanah/ Sun. Ramadan )
Peace in the middle-east (bearish Gold) As of this printing their is reports of a military Coup in Thailand...Keep a sharp eye on that...Tomorrow the FOMC meets at 9:00 (cst) expect 0 change.
Housing numbers at a 3 year low...If that doesn't reflect a slowdown in the economy and pending inflation ??...... API numbers 9;30 (cst).......

The following are my guideline numbers for 9/20 Wednesday December Gold.......

resistance # 2...................................602.00
resistance # 1...................................593.00
pivot ......................................................588.00
support # 1 ......................................578.50
support # 2.......................................574.00

NUMBERS FOR DAY TRADES HAVE BEEN AWESOME LATELY.......

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


I trade more than Gold. In fact i trade the World.
If you,d like to comment, have a question ,or would like to learn how to trade these numbers
email mdaly@manducatrading.com or call Mike Daly @ 1888-282-2770

OPEN AN ACCOUNT TODAY.... TRADE SMART...

$ 10.00 break Tuesday.............

Today traders gave back Monday's $10.00 rally. The Market opened a couple dollars lower and traded sideways until the dollar began to show strength and the Crude Oil began it's journey to settle 134 lower when the Gold closed. News out of the Middle-east stated all Israeli troops would be out of Lebannon by the weekend. (Sat. Rosh Hashanah/ Sun. Ramadan )
Peace in the middle-east (bearish Gold) As of this printing their is reports of a military Coup in Thailand...Keep a sharp eye on that...Tomorrow the FOMC meets at 9:00 (cst) expect 0 change.
Housing numbers at a 3 year low...If that doesn't reflect a slowdown in the economy and pending inflation ??...... API numbers 9;30 (cst).......

The following are my guideline numbers for 9/20 Wednesday December Gold.......

resistance # 2...................................602.00
resistance # 1...................................593.00
pivot ......................................................588.00
support # 1 ......................................578.50
support # 2.......................................574.00

NUMBERS FOR DAY TRADES HAVE BEEN AWESOME LATELY.......

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


I trade more than Gold. In fact i trade the World.
If you,d like to comment, have a question ,or would like to learn how to trade these numbers
email mdaly@manducatrading.com or call Mike Daly @ 1888-282-2770

OPEN AN ACCOUNT TODAY.... TRADE SMART...

Gold Rally Monday.......

Todays Gold session closed almost $10.00 higher on the day. Plenty of good news for the bullish sector today including a weaker U.S. Dollar, higher Crude Oil prices, and worries of inflation.
The Wedding season in India also is responsible for large increase in their purchase of physical
Gold. The United Nations threat of sanctions against Iran are pushing the two sides farther and farther apart and is bullish for Gold. Even with reports out of Russia that the largest mines are planning to produce more Gold (supply & demand= more Gold = lower prices) the Gold market closed very strong today. If you check my guideline numbers for today's trade you'll notice we were right on today.

The following are my guideline numbers for 9/19 Tuesday in December Gold.................

resistance # 2........................................608.00
resistance # 1 .......................................597.00
pivot .................................................................590.00
support # 1 ...........................................585.50
support # 2 ...........................................579.00


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


I Trade more than Gold. In fact i trade the World and have pivot/support/resistance/ for all
markets.

If you have questions ,comments , or interested in opening an Account with me
email mdaly@manducatrading.com or call 1-888-282-2770

Thank you,
Mike

Trade Smart

Wild Friday

As suggested by yesterday's import and export numbers the CPI number was bullish for the U.S. Dollar and bearish for the Gold market. After the CPI was released the Gold market which has been in a downward spiral all week dropped like a stone trading down to a low of 576.50. Many traders including myself believe this Gold market is well over sold. However the Gold market made a very impressive rally the last couple hours of the trading session trading up 10.00 dollars and positive on the day around 12:15 (cst) . The market than traded in a 5.00 dollar range in the last 15 minutes before closing at 583.00 just 3.00 dollars lower on the day.
The bulls had to very relieved to see that strong Friday rally.

The following are my guideline numbers for Monday 9/17 in December Gold.........

resistance # 2 ................................595.00
resistance # 1 ................................590.00
pivot ................................583.00
support # 1 ....................................577.50
support # 2 ....................................571.00


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




I trade more than just Gold. In fact I trade the World.

Please feel free to contact me. email....mdaly@manducatrading.com or call
to comment , inquire about rates, or to open an account...1-888-282-2770

Trade smart............

Wild Friday

As suggested by yesterday's import and export numbers the CPI number was bullish for the U.S. Dollar and bearish for the Gold market. After the CPI was released the Gold market which has been in a downward spiral all week dropped like a stone trading down to a low of 576.50. Many traders including myself believe this Gold market is well over sold. However the Gold market made a very impressive rally the last couple hours of the trading session trading up 10.00 dollars and positive on the day around 12:15 (cst) . The market than traded in a 5.00 dollar range in the last 15 minutes before closing at 583.00 just 3.00 dollars lower on the day.
The bulls had to very relieved to see that strong Friday rally.

The following are my guideline numbers for Monday 9/17 in December Gold.........

resistance # 2 ................................595.00
resistance # 1 ................................590.00
pivot ................................583.00
support # 1 ....................................577.50
support # 2 ....................................571.00


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




I trade more than just Gold. In fact I trade the World.

Please feel free to contact me. email....mdaly@manducatrading.com or call
to comment , inquire about rates, or to open an account...1-888-282-2770

Trade smart............

Big Break.......

With Jobless claims down(bearish Gold ) and Import and Export sales up and revealing inflation
(bullish for Gold) Crude Oil lower and the U.S. Dollar also very weak it seemed to confuse early on. At 7:30 when the Reports came out Gold was trading 597.80. Less 90 minutes later it was trading at 600.00. Shortly later in the session they tanked it to 590.50 the mid-day low.
After a weak rally the traders pounded the Gold down to 584.00 before settling at 586.00 ..10 dollars lower on the day. Some traders are calling this move a fundamental retracement.
As we head into the fourth quarter history for the most part tells us the Gold should be strong ,the Dollar will be weaker, and the purchase of physical Gold (Holiday Gifts) will increase.
Based on this mornings reports and the new homes Report earlier this Month indicate the economy may be slowing and the hint of inflation is in the air.
My feeling is Gold could rally up to 700.00 again by year end with a little help from the Dollar.

The following are my guideline numbers for Friday 9/15 in December Gold...............

resistance # 2.......................608.00
resistance # 1 ......................597.00
pivot......................................590.50
support # 1 ..........................579.00
support # 2 ..........................572.00


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




I do trade more than Gold............. I trade the World.......
Give me a call 1-888-282-2770 for a one on one conversation or to make a comment.....

Trade Smart.............

Traders Cautious Before Thursday Morning Numbers...

Trading in the Wednesday Gold market was cattious in anticipation to the various report numbers coming out Thursday 7:30 (cst)...Jobless claims, Export sales, and Retail sales ...etc.....
The seemed to follow the positive Crude Oil and responded to the weaker Dollar and closed a few bucks higher on the session.

I believe the Gold traders traded the range today and not loading up on either side until the numbers reveal themselves tomorrow.

The following are my guideline numbers for 9/14 Thursday in December Gold................

resistance # 2.................................609.00
resistance # 1.................................602.50
pivot ...............................................594.00
support # 1 .....................................587.50
support # 2 ....................................579.00

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


I do trade more than Gold. In fact I trade the World.

Please feel free to email,call,and comment.....

to open an account call 1-888-282-2770..............

Trade Smart

Traders Cautious Before Thursday Morning Numbers...

Traders Cautious Before Thursday Morning Numbers...

Trading in the Wednesday Gold market was cautious in anticipation to the various report numbers coming out Thursday 7:30 (cst)....Jobless claims, Export sales, and Retail sales...etc.......

But the Gold market seemed to follow the positive Crude Oil and responded to the weaker dollar

and closed a few bucks higher on the day session. I believe the gold traders traded the range oday not loading up on either side until the numbers reveal themselves tomorrow

The following are my guideline numbers for 9 /14 Thursday in December Gold.........

resistance # 2 ..............................609.00
resistance # 1 ............................. 602.50
pivot .............................................594.00
support # 1 .................................587.50
support # 2 ................................579.00

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


I do trade more than just Gold. In fact I trade the World......

Please feel free to email,call and comment........

To open an account call mike Daly ..1-888-282-2770........


Trade Smart.........

Traders Cautious Before Thursday Morning Numbers...

Trading in the Wednesday Gold market was cautious in anticipation to the various report numbers coming out Thursday 7:30 (cst)....Jobless claims, Export sales, and Retail sales...etc.......

But the Gold market seemed to follow the positive Crude Oil and responded to the weaker dollar

and closed a few bucks higher on the day session. I believe the gold traders traded the range oday not loading up on either side until the numbers reveal themselves tomorrow

The following are my guideline numbers for 9 /14 Thursday in December Gold.........

resistance # 2 ..............................609.00
resistance # 1 ............................. 602.50
pivot .............................................594.00
support # 1 .................................587.50
support # 2 ................................579.00

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


I do trade more than just Gold. In fact I trade the World......

Please feel free to email,call and comment........

To open an account call mike Daly ..1-888-282-2770........


Trade Smart.........

Heavy Volume / Choppy Trade

The Gold market was very choppy most of the trading session seeming to look for direction.
The market opened higher due to a probable short covering rally. Later with the U.S. Dollar gaining strength and the very weak Crude Oil market the Gold drifted lower on the day settling
594.50. It certainly appears the Gold community is trading. Today the Chicago Board of Trade
reported record volume in the 100 oz. Gold contract (69,432 ). Keep an eye on the possible hot
potato in Syria. Today in broad daylight Islamic Militants attempted to storm the United States
Embassy in Damascus, Syria. Syrian Security Forces killed 3 Militants and defended the gates from outside the U.S. Embassy.

The following are my guideline numbers for 9/13 Wednesday for December Gold........

resistance # 2 ............................613.00
resistance # 1 ............................603.00
pivot ...........................................597.50
support # 1 ...............................588.00
support # 2 ...............................582.00




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



I trade more than gold in fact I trade the world.
Please feel free to email or phone 1-888-282-2770...

Contact me to open an account..............

Trade Smart, Mike

Bear Trend Continues

With negative pressure on the negative energy markets, better news out of United Nations /Iran negotiations ( rumors swirled that Iran may consider Enrichment suspension ), and Pit traders putting on new short positions and pushing the Gold market lower.
After last week's very bearish 4 day week I believe the professional Gold traders (pit traders) smelt blood in the water and pressed the Gold to the downside cleaning out stop loss orders
and testing technical support levels.

The following are my guideline numbers for 9/12 Tuesday in December Gold...........

resistance # 2...........................640.00
resistance # 1...........................614.00
pivot .........................................602.00
support # 1...........................585.00
support # 2...........................564.00

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

I trade more than just Gold.. I trade the world....
Please feel free to e-mail, comment , call (1-888-282-2770), or open an account.........

Trade Smart.....Mike

Bear Trend Continues

Bears Rule The Week

Friday brought yet another down day in the Gold market day session.
Once again news that South African Gold miners plan to increase their production I believe caused the few longs left to take profits. The very strong U.S. Dollar and weak Crude Oil market were also key components for the early break down to 612.00 in December Gold.
Also brighter news from Lebannon confirmed the Isreali Sea Blockade off the shores of Lebannon has been lifted this is also bearish for Gold.
However around 11:00 (cst) the Gold market began to rise from around 615.00 to where it closed 617.50 on what appeared to be endless news of pending inflation and possible rate adjustments ahead from the FOMC. My opinion is the big players in the Gold community are still long term bullish and the 700-1000 call volume may suggest just that......India wedding season, holiday Gold spike, and the fear of inflation may be the basis for their bullish vision.

The following are my guideline numbers for Monday 9/11 for December Gold.........


resistance # 2.............................634.00
resistance # 1.............................626.00
pivot ........................................... 619.00
support # 1..................................611.00
support # 2..................................604.00

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




I do trade more than Gold in fact you could say I trade the World.
please feel free to E-mail or call 1-888-282-2770 if you have a comment,question,
or would like to open an account.

Trade Smart,

Mike

Gold Tumbles

Thursday's Gold market opened at 641.00 and proceeded to trade down to 621.00 during the trading session before closing at 624.90. Many in the Gold trading community believe a very strong Dollar, a significant decline in Equity prices, and long positions taking profits started the ball running downhill.
The news out of the Middle-east : The lifting of the Air Blockade in Lebannon and The United Nations and Iraq moving closer on their negotiations has also been bearish for Gold.

The following are my guideline numbers for Friday 9/8 for December Gold

resistance # 2 ......................653.00
resistance # 1 ......................639.00
pivot .....................................630.00
support # 1 ..........................616.00
support # 2 ..........................607.00


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

Holiday Market

During a holiday shortened trading session the gold opened at 633.70 and after a very positive unemployment report ( bullish U.S. Dollar ) the gold broke down to 628.00 and closing at 632.50. even with the positive report Gold held it's ground with ever growing concerns with the Unitrd Nations / Iran situation. Since the deadline has passed traders are looking toward a meeting mid next week between U.N. Diplomats and Iran and hopefully a resolution and not sanctions.

The following are my guideline numbers for Tuesday 9/5 for December Gold

resistance # 2 ................................640.00
resistance # 1 ................................636.00
pivot ..............................................632.00
support # 1.....................................628.00
support # 2.....................................624.00

resistance = possible place to sell market
support = possible place to buy market
pivot = possible point in the market to show direction

Carbon Copy

Thursday Trading Session was about a carbon copy of Wednesday's trade. The Gold rallied almost $ 9.00 for a high and settling $ 8.00 higher for the day session. Once again tha U.S. Dollar was higher, the Crude Oil was negative again, (normally when this happens Gold should be negative) but the United Nations / Iran Standoff has had it's time limit come and go without a resolution. The Iranian President Mahmoud Ahmadinejad remained defiant saying "Iran has the right to pursue nuclear technologies ". As long as this showdown goes on and with the help of the 4th quarter constants (India's Wedding season, Gold wholesalers buying physical for holiday season, and seasonal up trends) Gold could enjoy a nice trend up.............

The following are my guideline numbers for Friday's 9/1 in December Gold... (early close 11:10 CST)


resistance # 2 ...............................640.50
resistance # 1 ...............................636.00
pivot ..............................................631.50
support # 1 ...................................628.00
support # 2 ...................................622.50




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


















'