Monday, February 05, 2007

Gold Closes Up $4.60 On The Day....

Today's Day session was a very choppy and tight ranged trade.
The market closed above my pivot and seemed to lack direction.
Despite another large trading range in the Crude oil the Gold seemed to be looking for Bullish news after the avalanche slide on Friday. It appeared traders were nervous about holding
positions for any lengthily periods. News out of Iran stated "Iran will continue it's nuclear program"...Small range today. ($4.00 )....HIGH...657.50 LOW..653.50..CLOSE..656.40
The following are my guideline numbers for 2/6 Tuesday...February Gold

resistance # 2...........662.00
resistance # 1...........658.50
pivot ................656.00
support # 1..............654.50
support # 2..............650.00

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

TO OPEN AN ACCOUNT / RATES / CONSULTATION /
FREE COMMODITY TRADING GUIDE / CALL -----888-282-2770...OR EMAIL ME....

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

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