Friday, April 13, 2007

Gold Closes $10.20 HIGHER Today......................

Today's Gold market rallied off the PPI Report (Inflationary) and continued to gain ground(with the exception of a mid-session profit take sell-off) the second half of the trade. despite a weaker Crude Oil market(DOWN 12 = pts. at Gold close) the Gold cleared out many technical resistance levels today. The Gold also got help from a weak U.S. Dollar...(DOWN 13 pts. at Gold close).
A $7.90 pt. range today....HIGH....690.50 LOW...682.50 CLOSE..689.90..............
Monday..7:30am. (CST) RETAIL SALES........
The following are my guide-line numbers for Monday April 16....JUNE GOLD
resistance.............................695.50
resistance.............................692.50
pivot...................687.50
support.................................684.50
support.................................679.00

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