Wednesday, February 14, 2007

GOLD CLOSES $3.50 HIGHER TODAY......

The Gold market was extremely CHOPPY and VOLATILE again today........
The market was up $8.10 early in the trading session.
The Gold faced strong resistance and another HUGE sell-off in the Crude oil market (over done)100 pts, LOWER at the Gold close. Gold might have dropped much lower if it hadn't been for a HUGE down day in the U.S. Dollar (47 pts. LOWER at the Gold close)........
EXPORT SALES /JOBLESS CLAIMS ...Thursday 7:30 am. (cst) may not help the Dollar much.
HIGH...676.60 LOW...668.00 CLOSE...672.00.....

My guideline numbers for 11/15..Thursday April Gold....

RESISTANCE......................680.00
RESISTANCE......................676.00
PIVOT.................672.00
SUPPORT............................667.50
SUPPORT............................664.00

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

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

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