Thursday, March 22, 2007

Gold Closes up $4.20 On The Day.........................

Today's Gold trade was BULLISH and traded in a tight range.
The market opened Higher and with the help of a VERY BULLISH Crude Oil market (up 140 at the close of Gold) the market once again closed above the psychological $660.00 level.
After the $70 Dollar correction in the Gold market it appears investors are still UN-easy to jump into the Gold market with both feet !! Tomorrow being Friday many took profits today in case of a stop/loss sell-off Friday(as often happens).A $4.90 range today................
HIGH.........667.30 LOW.....662.40 CLOSE....664.20....................
Guide-line numbers for 3/22 Friday...April Gold...........

RESISTANCE.............670.00
RESISTANCE.............666.50
PIVOT...............664.50
SUPPORT....................662.00
SUPPORT....................660.00

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