Aptil Gold Closes$2.60 Lower......

Tuesday's Gold session started out $ 7.00+ Lower and traded $12.00 +Lower on reaction to the huge sell-off of Chinese Stocks droping 9 percent....ABC NEWS REPORTS "a 9% slide in Chinese stocks earlier set the tone for U.S. trading a day after investors sent Shanghai's benchmark index to a record HIGH close"........After an early morning slide the Gold got help from a very weak U.S. Dollar and a mid -session Crude oil rally to actually trade on the positive side for a brief period. A late hour profit take/sell-off pushed the Gold to close $2.60 Lower on the session. However in the after hour session 1:00pm. (as of this writing) they seem to be reacting to more Chinese stock fall-out and have taken the Gold DOWN $10.00 + .........
Hopefully the markets can sort this mess out quickly...Many traders have thought the Chinese economy was growing too fast for it's own good....A little retracement!!!!!!!!!!!!
$15.00 trading range today....HIGH...692.50 LOW....677.50 CLOSE...687.30......
My guideline numbers for Wednesday 2/28...APRIL GOLD...................
resistance # 2...............701.00
resistance # 1...............694.00
pivot......686.00
support # 1...................680.00
support # 2...................669.00

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

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