Friday, December 22, 2006

Gold $1.40 Higher Today........................

Not much to tell. Today's Gold market traded in a very tight/thin range today.
Despite the U.S. Dollar climbing 40 + pts. Higher and the Crude Oil 20 pts. Lower the Gold held strong and closed $1.40 Higher. This is a typical holiday market.
Very small range...HIGH..623.70 LOW...620.90 CLOSE...623.00.......
Look for a very slow trade next week.
The following are my guideline numbers for Tuesday 12/26 for February Gold.....

resistance # 2 .....................625.50
resistance # 1 .....................624.00
pivot.....................622.50
support # 1 .....................621.00
support # 2 .....................619.50

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


TO OPEN AN ACCOUNT 888-282-2770


MERRY CHRISTMAS.....HAPPY HOLIDAY'S



TRADE SMART






















l

0 Comments:

Post a Comment

<< Home