Gold Closes $13.50 Lower On The Day......

The CHAOS continued today.....
If you like CHOPPY and VOLATILE markets ..Trade Gold.....
The markets nervous/panic mode continued today and drove it as low as $664.00early in the trading session. With the help of a strong U.S. Dollar and an early weak Crude oil market the Gold sector took profits/touched off stop-loss orders / and punished any long positions.....
Many traders were looking for a correction..BUT this has been over-done and primarily caused by emotional,nervous, and panicked investors who recall the 9/11 trade and scrambled to cut their loss'.This all started with the 9% drop (THAT'S HUGE) in the Chinese Stock Market.....
Proving the Markets are truly GLOBAL..and react like Domino's to one another......
Nothing has changed in the Middle-east ..or with the Housing market.....
ANOTHER HUGE RANGE... HIGH...678.00 LOW...664.00 CLOSE...673.70......
TOMORROWS GUIDELINE NUMBERS 2/28.....APRIL GOLD............

resistance # 2 ....686.00
resistance # 1.....680.00
pivot...672.00
support....# 1 .....666.00 ..........(yikes)
support....# 2......658.00

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

TO TRADE GOLD / RATES / FREE CONSULTATION.....
CALL 888-282-2770.......

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