Friday, February 16, 2007

Gold Closes UP $1,40 Today.......

The Gold market opened LOWER and basically trades LOWER all day til the last hour or so.
Despite a large run up (FOR A CHANGE) in the Crude oil the Gold found the upside a struggle all day. I thought it would be CHOPPY and I was right.Lots of traders left by 10:00 am.
More safe haven option buying today. Monday's an Exchange Holiday..(PRESIDENTS DAY)
KEEP A CLOSE EYE ON THE AFGHANISTAN SITUATION.....
HIGH.....673.00.....LOW....666.80 CLOSE 672.80

MY GUIDELINE NUMBERS FOR TUESDAY 2/20...APRIL GOLD.........

resistance.............677.00'
resistance.............675.00
pivot..........671.00
support.................669.00
support.................664.00

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

TO OPEN AN ACCOUNT...888-282-2770 RATES/CONSULTATION

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

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