Monday, April 23, 2007

Gold Closes 1.60 Lower Today...................

Today's day session was very CHOPPY and with a small trading range.Despite a very BULLISH Crude Oil market (UP 120 + points at the Gold close) the Gold was very tentative and seemed to react to the STRONG U. S. Dollar today. I believe the traders may have took small profits and stand on the side-lines in anticipation of tomorrow's CONSUMER CONFIDENCE REPORT..due out at 9:00 am. (CST.). In fact the whole entire week will produce some Gold / Dollar moving news worthy reports. Just a $6.30 range.....HIGH..696.80 LOW..690.50 CLOSE..694.20.....
The following are my guide -line numbers for 4/24 TUESDAY........JUNE GOLD....
resistance # 2..................................700.00
resistance # 1..................................697.50
pivot................................................694.00
support # 1....................................691.00
support # 2...................................688.00
To RECEIVE FREE RESEARCH / CHARTS during the trading session ..DROP me an e-mail or call...................888-282-2770..................................................................................................
TO open an ACCOUNT call 888-282-2770
Trade Smart !!!!!!!!!!!!!!!!!!!!!!!!

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