Gold Closes $2.60 Higher................

Gold opened nearly $4.00 Higher ...Then rallied another $3.80 before following the HUGE
sell-off in the Crude oil market. Gold has been breaking with the Crude and rallying off the U.S. Dollar. (Dollar Down =Gold up / Crude Down = Gold Down )...
Many times in the last 5 days all three have been UP/DOWN together.......(146 pt. Range in the Crude oil today...During the Gold day session)....
The Gold was negative late morning before rebounding and closing $2.60 on the day.
With the help of a weak U.S Dollar (30 pts. Lower @ Gold close) Gold regained positive ground.
The Dollar reacted to reports out of the Middle-east..ABC NEWS REPORTED.."An Explosion At A Parking Area Of Islamabad Airport " (Pakistan)............................ALSO......................
Officials: "Iranian Diplomat Seized By Gunmen Wearing Army Uniforms In
Central Baghdad" (Iraq)......
$8.00 range today....HIGH...663.70 LOW...655.80 CLOSE...658.70...............

The following are my guideline numbers for Wednesday 2/7...April Gold.................

resistance # 2...........667.00
resistance # 1............662.00
pivot.............................659.00 FREE 2007 TRADING GUIDE !!!!
support # 1...............654.50
support # 2................652.00

RESISTANCE =POINT TO SELL
SUPPORT = POINT TO BUY
PIVOT = POINT TO DETERMINE DIRECTION.............

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