Monday, February 26, 2007

Monday's Gold Market Closes $3.10 Higher......

Monday's Gold session was thin and traded in a $6.30 range.
The market held resistance at 692.00 and traded side-ways for most of the day.
With help from a late Crude oil rally and a weaker U.S. Dollar the Gold came back from unchanged to close $3.10 higher in the final hour of trading.....
Tomorrow (Tuesday) CONSUMER CONFIDENCE REPORT...9:00 am. (CST)
The Geo-political news in the Middle-east (Iran's President --Medical Emergency, and an attempt on the Vice President of Iran's life ..car bomb) had traders watching the news wires today..... Seemed to be added interest in Option volume today....
HIGH....691.80 LOW....685.50 CLOSE....689.70..........

The following are my guideline numbers for Tuesday..2/27...APRIL GOLD....

resistance # 2.......................695.00
resistance # 1.......................692.50
pivot......................689.00
support # 1........................686.00
support # 2........................683.00

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

FREE CONSULTATION.....RATES......2007 COMMODITY TRADING GUIDE....
OR TO OPEN AN ACCOUNT.............888-282-2770 MDALY@MANDUCATRADING.COM
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TRADE SMART.......TRADE GOLD !!!!!!!!!!!

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