Tuesday, January 09, 2007

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...................

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