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