Gold Closes Up $7.70 Today .........................

Gold actually opened lower and traded down to 647.50 (my 1st support = 648.50 ) before unleashing the BULL. The U.S. Dollar opened Higher and traded 20 + points Higher before trading 20 + points Lower at the Gold close. The Gold ignored the huge early Crude oil sell-off
which suggests new and renewed investment support. We are trading in a technical area and traders have a tendency to fill in technical gaps. (chart formation gaps).
We came very close to achieving that today. Crude oil traders took profits today and experienced another HUGE range. (200 points @ Gold close). Gold rallied off the technical
support levels and never looked back. The Gold market traded in a $13.20 range today.
HIGH...660.70 LOW...647.50 CLOSE...657.90 ...

The following are my guideline numbers for February 1 for April Gold........

resistance # 2.............................668.00
resistance # 1.............................663.50
pivot..........................655.50
support # 1...............................650.50
support # 2...............................642.50

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

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CALL--888-282-2770

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

Gold Closes Up $1.10 On The Day.............

Due to the FOMC meeting today the Gold community chose to stay on the sidelines pending the results. The Fomc will also be meeting tomorrow and the majority of traders believe interest rates will remain the same. However traders are concerned about the slumping housing market and future plans by the FOMC. Only a $3.30 range in the Gold while watching a HUGE rally in the Crude oil market today. The Crude was 250 pts. HIGHER at the Gold close (12:30pm cst. )
Saudi Arabia is cutting Oil production !!!!!!!!!!!

This was a true indication that gold traders were sitting back and not interested in taking positions.
Take a look at the CALL / and BULL call interest in the Gold !!!!
HIGH....652.00 LOW....649.20 CLOSE....650.20......................................
THE GOLD TRADED AROUND AND ABOVE MY PIVOT ALL DAY...................
The following are my guideline numbers for Wednesday 1/31 for April Gold...

resistance # 2......................654.00
resistance # 1......................652.00
pivot..................650.50
support # 1.........................648.50
support # 2.........................645.00

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

TO OPEN AN ACCOUNT / RATES / CONSULTATION /
COMMODITY GUIDE / CALL...888-282-2770 (OR EMAIL)

Gold Trades $1.60 Lower On The Day.......

Today is the last day I will track February Gold......Tomorrow I begin trading April Gold !!!!
The Gold market was a true technical trade today. The market traded between support and resistance all day. Many Gold traders are waiting to see what (if anything ) the FOMC will say or do during their meetings this week. (Tuesday & Wednesday 9:00 am. cst.)
Also the CONSUMER CONFIDENCE report Tomorrow (Tuesday) 9:00 am cst.
The U.S. Dollar opened Higher and by the Gold close was down 18 pts.
The Crude was once positive on the day but closed over 100 pts. LOWER at the Gold close.
The volatility in the Crude oil has been extreme lately and basically a HUGE reason gold closed Lower today. Don't forget Gold expiration !!!!
FEBRUARY GOLD..HIGH...648.00 LOW...640.80 CLOSE...643.10 **************
The following are my numbers for 1/30 Tuesday..APRIL GOLD....

resistance # 2.......................657.00
resistance # 1.......................653.50
pivot.........650.00
support # 1.........................646.00
support # 2.........................643.00

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

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Gold Loses $3.40 On The Day.....................

Today's Gold trade was technical for the most part. Most traders were a bit gun-shy holding long positions after yesterday's retracement. Small range for a change only $5.60 (small in comparison to more recent days). The U.S dollar was 10 pts. Higher and the CrudE oil rebounded up 100 pts. ( at the Gold close ) from yesterday. Next week Gold expiration !!!!!
It could be a very choppy 3 days (MON. / TUE. / WED. /) be very careful.
The price s for BULL / CALL gold spreads are firming up !!!!
HIGH......648.10 LOW....642.50 CLOSE....644.70....................................
The following are my guideline numbers for Monday...1/29...February Gold................

resistance # 2.......................650.50
resistance #1........................647.50
pivot....................645.00
support # 1........................642.oo
support # 2........................639.50

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

TRADE SMART...........HAVE A GREAT WEEKEND !!

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Wild Market Closes 10 cents Lower Today.......

February Gold opened at $651.50 today. (7:20 cst.)..........
With the U.S. Dollar Lower and the Crude oil Higher the Gold began to trade sideways
before trending Higher making it's highs (654.60) around 9:40 cst. During this same time frame Crude oil was on it's Highs (5590) when a report from a private tracking firm released information that OPEC ROSE production by 2.3 Million barrel's. (A PRIVATE FIRM)......
This started an avalanche in the Crude oil taking the market from 55.90 down to 54.50(at Gold close) . This caused the U.S Dollar to gain strength and start the Gold downward. Gold dropped $4.00 rather quickly before settling back into a range. Once again nothing that bearish for Gold
especially considering the unrest in Beirut today.....(University government opposition vs.
government Military...Rioting...) Resistance numbers are holding and the push for 660.00.(key chart point) stalled the early rally and the race for profits during the Crude oil avalanche forced the execution in STOP/LOSS ORDERS around the 649.50 level....
HIGH....654.60 LOW....647.00 CLOSE...648.80........

THE FOLLOWING ARE MY GUIDELINE NUMBERS FOR 1/26 FRIDAY FEBRUARY GOLD..


resistance #2..............................657.50
resistance #1..............................653.00
pivot...........................650.00 ***********
support # 1................................645.50
support # 2................................642.50

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

TO OPEN AN ACCOUNT /RATES/ CONSULTATION/
FREE 2007 COMMODITY TRADING GUIDE...888-282-2770

TRADE SMART !

Gold Closes $2.30 Higher Today.........

Today's Gold market started out $300 Lower and looking for direction.
It turned out to be a Market Makers (floor traders) delight.
It was a true technical trade with plenty of choppy volatility on the side. My guideline
numbers were pretty good today !! it was a tough day to hold positions due to the huge
swings in the Crude oil market and the U.S Dollar today. Today was one of those days
when the U.S Dollar and the Gold were not matched up(Gold = ANTI Dollar) because
both were Higher at the end of the day. (U.S. Dollar 25+ pts. Higher @ Gold close )
ABC NEWS reports "The United States launched an air strike in SOMALIA against terrorist targets" ......Another great trading range..$9.50......
HIGH...648.50 LOW...639.00 CLOSE....648.20

The following are my guideline numbers for 1/25....February Gold

resistance # 2.........................654.00
resistance # 1.........................651.00
pivot.......645.00
support # 1.........................641.50
support # 2.........................636.00

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

To open an account / rates / consultation / 888-282-2770

Gold Rallies $11.80 Today ............

Today's Gold market was extremely strong from start to finish today.
With the help of a weak U.S. Dollar(30 pts. Lower @ Gold close ) and a very strong Crude oil market (80 pts. Higher @ Gold close ) the Gold opened $5.00 Higher and closed up $11.80 on the day. Middle-east tension has been key in keeping the Gold Higher recently (war = Higher Gold) but reports from ABC NEWS "BUSH TO OFFER BOLD ENERGY PLAN"....
"Bush to ask for Americans to cut their consumption of all gasoline by 20 percent over the next 10 years" had traders on their heels looking to get FLAT..(closing open positions)......Remember to watch the "State of the Union"" TONIGHT.
HIGH....646.90 LOW..639.00 CLOSE...645.80.........

The following are my guideline numbers for Wednesday..1/24...February Gold.....

resistance # 2.......................652.00
resistance # 1.......................649.00
pivot....................644.00
support # 1.........................641.00
support # 2.........................636.00

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

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CALL 888-282-2770 FREE 2007 COMMODITY TRADING GUIDE.....................

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

Gold Closes Down $2.30 On The Day.......

Today's Gold market was very choppy and extremely tough to get a handle on today.
It began as a very technical trade holding the pivot(634.00) and holding my 1st. resistance (640.00).But after the early Crude oil rally came to a sudden halt and traded from their High
(54.65) down to it's low (52.07) in the afternoon portion..thoughts of the Gold making new High's were dashed. Even with no real negative news the Gold followed the Crude oil and closed
$2.30 Lower on the day. Many traders bought the open and took profits when the Crude oil topped out. TheU.S. President will give his "State of the Union " speech Tomorrow ...Tuesday 1/23....Be careful !!!! ONLY a $7.00 rage today......
HIGH....640.20
LOW.....633.00
Close... 634.10...............

The following are my guideline numbers for Tuesday...1/23 ....February Gold....

resistance # 2.............642.50
resistance # 1.............637.00
pivot.....635.50
support # 1 .........633.00
support # 2 .........628.50

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

TO OPEN AN ACCOUNT / RATES /C ONSULTATION...888-282-2770

TRADE SMART.....

Friday's Gold Market Closes Up $8.10....................

What started out to be a very quiet and tight ranged market ended up to be a rally of $8.10 on the day. The market traded between 628.20 & 632.00 most of the morning before getting help from a U.S Dollar that had gone from 20 + pts. HIGHER to actually being LOWER (as of Gold close) on the day. It also helped having the Crude oil rebound today (100 pts. + HIGHER at the Gold close)Monday is February Expiration in Crude oil ....may have started the ball rolling ....The Gold traders seem to have developed a system that works (TAKE PROFITS AND BUY DIPS)..because nobody seems to be holding positions like we used to.
With all that's going on in the World (GEO-political) .....CAN'T BLAME THEM......
HIGH....637.00 LOW...628.20 CLOSE....636.00
The following are my guideline numbers for Monday 1 /21...February Gold..................

resistance # 2..........................643.00
resistance # 1..........................640.00
pivot ..................634.00
support # 1..........................631.00
support # 2..........................625.00

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

TO OPEN AN ACCOUNT / DISCUSS RATES / CONSULTATION
CALL-----------888-282-2770

TRADE SMART........

Gold Gives Back $5.20 Today........

Thursday's Gold trade was very choppy and volatile today.
The Gold traded in a $10.00 range and reacting to Gold production estimates and Middle-east
rumors that are not documented. The U.S. Dollar was slightly Higher and the Crude oil was getting crushed as of the Gold close. (180 + pts. Lower....LOW ...$50.05)............
Keep an eye on the EXPORT SALES report (FRIDAY 7:30am cst.) .........
It appeared traders in the Gold and the Grain markets may have taken some profits prior to
the Export Sales and the weekend.
HIGH....637.40 LOW....627.40 CLOSE.....628.30
The following are guideline numbers for Friday 1 /19...February Gold............

resistance # 2.........................................641.00
resistance # 1.........................................634.50
pivot....................631.00
support # 1..........................................624.50
support # 2..........................................621.00

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

TO OPEN AN ACCOUNT / DISCUSS RATES / FREE CONSULTATION
CALL 888-282-2770...............

FREE 2007 COMMODITY TRADING GUIDE.................

Gold Gains $7.40 Today........................

Wednesday's Gold trade was looking for support early and found it!
After drifting lower after the opening and trading down to $620.80 the Gold rallied
with the help of a Weak U.S. Dollar (15 pts. Lower @ Gold close) and a Higher Crude oil market (30 + pts. Higher @ Gold close). The Geo-political tension in the Middle-east (Iran /United States )certainly is keeping the attention of the Gold sector. Reports of the Home Foreclosures
continuing to rise was not good news for the U.S. Dollar. (Gold is the anti-Dollar)........
Another wide trading range today..($14.00)..........
HIGH....634.80
LOW.....620.80 ********MY 1st SUPPORT ****= 623.00
CLOSE..633.30

The following are my guideline numbers for Thursday 1/18...February Gold....

resistance # 2...........................643.50
resistance # 1...........................638.00
pivot ...................629.50
support # 1...........................624.50
support # 2...........................615.50

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

TO OPEN AN ACCOUNT /RATES / CONSULTATION............
CALL 888-282-2770.........................

FREE 2007 TRADING GUIDE............................

TRADE SMART

Gold Closes Down $1.00 Today.............

Tuesday's Gold trade was choppy trade that stayed between my pivot and 1st resistance
points all day long. The U.S. Dollar was stronger today than most expected (9 pts. Higher @ Gold close) due to a very Bearish Crude oil market. The Crude was 200+ pts. Lower at the
Gold close. OPEC had canceled an emergency meeting to stop the Crude oil market downward slide when reports suggested that IRAN and VENEZUELA were not only not complying with OPEC's prior production CUT.....They were actually increasing production....(OPEC internal
disputes). This caused Saudi Arabia and others to call off the meeting.(Crude oil trade under
$51.00 per barrel today). Lower Crude usually means Lower Gold (both are anti-$)such as the
case today. The Gold community traded a $5.80 range today.........................................
HIGH............629.00 LOW......623.20 CLOSE........625.80..............

The following are my guideline numbers for Wednesday 1/17...February Gold

resistance # 2................................632.00
resistance # 1................................629.00
pivot .........................626.00
support # 1................................623.00
support # 2................................620.00

SWING TRADE..............
RESISTANCE = POSSIBLE POINT TO SELL
SUPPORT = POSSIBLE POINT TO BUY
PIVOT = POSSIBLE POINT TO DETERMINE DIRECTION

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

Gold Closes Up $13.10 For The Day.......

Today's Gold market rallied strong due to a weaker U.S Dollar and a Higher Crude oil market.
I believe the professionals are getting long the Gold based on new concerns over inflation.
Also the Geo-political climate is still a huge factor and worth keeping an eye on.
Friday's trade also seen Call @ Bull Call activity increase.
It seems every time we get a Bull run every Broker jumps to get his customers long Calls hoping this will be the time we make new Highs. I believe the avalanche that was last week (traded down to (603.00) was triggered by over-bought option positions.
Huge range...HIGH..628.00 LOW..610.70 CLOSE..627.00.....($17.30 range)...
MARKETS CLOSED MONDAY...(MARTIN LUTHER KING HOLIDAY)
The following are my guideline numbers for Tuesday 1/16 for February Gold............

resistance # 2..................639.00
resistance # 1..................633.00
pivot...........622.00
support # 1..................616.00
support # 2..................605.00

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

TO OPEN AN ACCOUNT / DISCUSS RATES / FREE CONSULTATION

CALL-------------------888-282-2770

Gold Closes Up 50 Cents Today....

Today's Gold trade was another technical trade within a $6.50 range.
Despite another Huge down day in the Crude oil (150 + Lower @ the Gold close) and another Up day in the U.S. Dollar (25 pts. Higher @ Gold close ) the Gold market managed to close .50 cents Higher today. More tension in the Middle-east rallied the Gold almost $5.00 (612.30-617.00) on reports from THE BBC NEWS web-site "U.S. Forces have stormed a building in northern Iraqi town of Irbil and seized six people said to be Iranians prompting a diplomatic incident". Watch for Retail Sales / Supply & Demand report numbers Friday 7:30am (CST).
HIGH...617.00 LOW...611.50 CLOSE...613.90

resistance # 2......................620.50
resistance # 1 .....................616.50
pivot ........614.00
support # 1......................611.00
support # 2......................607.50

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

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Gold Closes $1.60 Lower............

Today's Gold market traded in a technical range in anticipation to the Presidents address to
the Nation tonight. Despite a Trade Balance report that was better than expected(Bullish for U.S Dollar) , Crude oil trading 120 pts. Lower at the Gold close (traded BELOW $55.00 per. Barrel today), the Gold market rebounded from a 607.00 low to close at 613.40.
the Gold market re-acts to Geo-political situations /War environment with more vigor than Trade Balance reports. This Gold market is truly a World market. 25 yrs. Ago the Middle-east,
China, and India were not the Gold players they are today. Gold = SAFE HAVEN !!!
Another big range today...$13.80......HIGH..613.80 LOW...607.00 CLOSE......613.40
My PIVOT number and 1st SUPPORT worked well today.
The following are my guideline numbers for Thursday 1/11 for February Gold......

resistance # 2...........................618.00
resistance # 1...........................615.00 EXPORT SALES...JOBLESS CLAIMS REPORTS
pivot ....................611.00 Thursday 7:30am (CST)
support # 1..........................608.50
support # 2..........................604.00

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

TRADE SMART...........................
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CALL 888-282-2770.....EMAIL...MDALY@MANDUCATRADING.COM

God Rallies And Closes $5.60 HIGHER......

Tuesday's Gold market closed up $5.60 with most of the advance coming in the second half of the trading session.
The U.S. Dollar was up 10= pts HIGHER at the Gold close while the Crude oil was 50+ pts. Lower which tells me the Gold sector is watching the Geo-political scheme and began buying back in after the last weeks HUGE sell-off. Volume has increased in CALL OPTIONS as well....Nice range for Gold traders today...($10.40)...
Trade Balance report tomorrow 7:30am (CST)....HIGH...617.40 LOW....607.00 CLOSE..615.00


The following are my guideline numbers for Wednesday 1/10 for February Gold.....

resistance # 2...............................623.00
resistance # 1...............................620.00
pivot ...................613.50
support # 1...............................609.50
support # 2...............................603.00

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

TO OPEN AN ACCOUNT.....88-282-2770
TRADE SMART...................

Gold Rallies $2.40 On Monday...........

Monday's gold trade was tame compared to Friday's huge sell-off. Many traders stayed on the sidelines fearing another volatile session. Traders still Bullish Gold found today to be a good opportunity to re-enter the market. The U.S. Dollar was higher earlier but was unchanged at the Gold close. Many Geo-political scenario's are brewing world-wide and most are Bullish for Gold.
Reports of Nigerian terror groups promising more "ruthless" attacks on U.s and European oil facilities in Nigeria, North Korea possibly preparing for another nuclear test, and reports out of London that Israel and Iranian tension is escalating.The U.S Trade Balance Report comes out Wednesday (7:30 cst.) that also could be a market mover.
HIGH...611.10 LOW...605.00 CLOSE...609.30..............................

The following are my guideline numbers for Tuesday 1/9 for February Gold........

resistance # 2..........614.50
resistance # 1..........612.oo
pivot..............608.50
support # 1..........606.00
support # 2..........602.50

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

TO OPEN AN ACCOUNT / FREE CONSULTATION / RATES /
CALL 888-282-2770

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

Strong U.S. Dollar Keeps Pressure On The Gold.....

Friday's Gold market reacted to a strong U.S. Dollar and better than expected unemployment
rate and sent the Gold $19.10 LOWER on the day. It started out innocent enough until technical support levels failed and that started a selling avalanche. At one point February Gold was trading at $603.00 today. I believe the gold had been in an over-bought mode and without momentum. The Funds started selling earlier this week and started the Bear trend moving.
I think the Bulls will have their day sooner than later with reports from ABC NEWS stating"North Korea is preparing for another Nuclear test ". Also the U.S Housing slump is a reality, The Holiday retail season is over, and last but not least OPEC is cutting production February 1st. But for now Gold is trading at $612.50. Huge range today..$24.90........
HIGH..........627.90 LOW.....603.00 CLOSE....607.70 (NOT FOR THE FAINT OF HEART)

The following are my guideline numbers for Monday 1/8 for February Gold........

resistance # 2...........................637.00
resistance # 1...........................622.00
pivot .........612.50
support # 1...........................597.50
support # 2...........................587.50

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......

Thanks Walter & Pina CFRA 580......

Gold Closes $3.50 Lower

Thursday's Gold market traded in a $6.80 choppy range. Many Traders were sitting on the side-lines today waiting to see what the two economic reports released Friday would reveal.
(Unemployment & Export Sales ..Friday 7:30 am cst.) With a very strong U.s Dollar(up 40+ pts. @ Gold close) and the Crude Oil getting crushed (down 220 = pts. @ Gold close) the gold sector seemed to try to take it higher early and were reluctant to stay with trading positions on both sides of market. After a trading session like yesterday it's certainly understandable.
This very mild winter in the Midwest and East Coast has forced the price of Crude Oil to trade below fundamental levels. The OPEC production cut is suppose to take effect February 1.
High...632.80 Low...626.00 Close...626.30

The following are my guideline numbers for 1/5 for February Gold..............................

resistance # 2...............................635.00
resistance # 1...............................631.00
pivot ............................628.50
support # 1.............................. 624.00
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 ......................................................

The Bears Win The Day..............................

Today's trade was frantic to say the least. The Gold market opened Higher and traded as High as $647.30 before strong U.S. Economic news bolstered the U.S. Dollar causing a frenzy of gold selling in the market place. The U.S. Manufacturing Index showed a better than expected gain in the Manufacturing Industry.(51.4 up from 49.5 in November). This is most l due to the Holiday demand. This good economic news rallied the U.S Dollar 75 pt. Higher as of the close of Gold.
Many suggest the Gold market had been in an OVER BOUGHT mode and the recent Option Call volume suggests they're right. When markets correct and the selling frenzy starts it becomes a search and destroy hunt for STOP LOSS Orders adding to the AT THE MARKET order selling
creating an avalanche effect....Huge range today $20.30....
HIGH...647.30 LOW...627.00 CLOSE...630.40.....

The following are my guideline numbers for Thursday 1/4 for February Gold.......

resistance # 2......................655.00
resistance # 1..................... 643.00
pivot.......635.00
support # 1.......................622.50
support # 2.......................615.00

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

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