Monday, March 26, 2007

Gold Closes Up $6.60 Today.....................

Today's Gold trade opened at my PIVOT and steadily climbed HIGHER throughout the session.
The rally was due to the Middle-east tension..(Iran holding British military personnel captive).
Iran is a huge Oil producing Nation and any threat of oil production cuts will drive Crude Oil/ Gold Higher. Remember in times of world strife Gold is the investors SAFE HAVEN market.
Gold traded $6.60 Higher and the U.S Dollar was 24 points Lower with the Crude trading 70 + points Higher during the Gold daytime session. tomorrow (Tuesday 3/27) at 9:00 am. (CST)
the CONSUMER CONFIDENCE REPORT becomes public..........
HIGH...664.70 LOW...659.80 CLOSE....663.90........................................


GUIDE-LINE NUMBERS 3/27....APRIL GOLD....

BE CAREFUL!!!!!!!!!!!!!HOLDING NAKED POSITION.............




RESISTANCE..................668.00
RESISTANCE..................666.00
PIVOT.........663.00
SUPPORT........................661.50
SUPPORT........................658.00

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

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