Gold Closes Up $4.60 Today........................
Getting over-night help from a stronger Crude Oil market and quite frankly NO BAD news the Gold traded in a sideways to up trend all day. There is HUGE GROUP of Gold traders who've gotten CRUSHED in this $60.00 sell-off. It's gonna take awhile for Brokers/ Clients /and Traders to feel comfortable putting on Long positions (UN -hedged) and carrying them over-night. I believe the Traders took profits late afternoon and were willing to work cheap.......
Small range...HIGH.....651.30 LOW....645.00 CLOSE....647.10.........................
TOMORROW / FRIDAY 3/16 CPI 7:30 AM (CST)........( Consumer Price Index)
The following are my guide-line numbers for Friday 3/16 April Gold...........
resistance......654.00
resistance......651.00
pivot...............648.00
support..........644.50
support..........642.00
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