Tuesday, December 26, 2006

Thin Gold Market Rallies $5.20 Higher ...............

Today's Gold session was very strong start to finish. Despite a Higher U.S. Dollar(9+ pts. @ the Gold close and watching the Crude Oil trade 140 pts. Lower (at Gold close) the Gold sector took advantage of a choppy , thin, and low volume trade to rally the market off of fundamental support and threats from Iran to cut Oil Production as a pay back for the U.S backing Sanctions against them. Once again the situation in the middle-east will play a key role in the Gold market and needs to monitored if you trade. The Gold had a very large range for a Holiday market.
HIGH....632.40 LOW....624.70 CLOSE....627.50 $5.20 HIGHER........

The following are my guideline numbers for Wednesday 12/27 February Gold............

resistance # 2....................636.00
resistance # 1....................631.00
pivot .................628.00
support # 1....................623.50
support # 2...................620.00

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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