Thursday, September 21, 2006

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............

0 Comments:

Post a Comment

<< Home