Monday, November 20, 2006

Gold Traders Try And Sort News...........

Today's trading session was a day of trying to sort and de-code news.
With the prices at the pump seeming to rise again..The price of other commodities (Pork, Cattle,
and Grains) also rising in price.. and a relatively weak U.S. Dollar as of late has people talking about a higher cost of living and pending inflation. Couple this with Middle-east tension pending the Iraq, Iran, and Syria peace plan this coming weekend (United States not invited).....Has Gold speculators more Bullish than Bearish at this point.(Syria and Iran are anti United States and Israel)....Another $7.00 plus trading range today HIGH......627.50
LOW.......620.50
CLOSE.....622.10

The following are my guideline numbers for Tuesday 11/21 for December Gold.............

resistance # 2............630.50
resistance # 1............626.50
pivot ......623.50
support # 1................619.50
support # 2................616.50

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


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CALL MIKE @ 888-282-2770...

TRADE SMART...................

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