Wednesday, December 27, 2006

Gold Closes $3.60 Higher............................

Today's Gold market was very thin (light volume) with the Bulls showing the way once again.
With help from a weak U.S. Dollar today and constant news from the Middle-east the Gold community traded in a $5.50 (pt.) range today and closing $3.60 Higher on the day.
Besides the continued threats from Iran ( for U.S. backing Sanctions ) to cut Oil production, the Israel's have decided to resume pinpoint attacks against Palestinian rocket launching cells in the Gaza Strip. This will end the 1 month old truce.........
The range today...HIGH...632.00 LOW...626.50...CLOSE...630.50..........

The following are my guideline numbers for Thursday 12/28 February Gold......

resistance # 2.............635.00
resistance # 1.............633.00
pivot....629.50
support # 1.............627.00
support # 2.............621.50

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



TO OPEN AN ACCOUNT ......888-282-2770.................................................

TRADE SMART ************

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