Thursday, April 12, 2007

Gold Closes $1.80 Lower Today..........

Today's gold trade was CHOPPY and despite a strong Crude oil market (up 90 pts. = ) and a weak U.S. Dollar Gold could not close positive today. I believe many traders are concerned with the economic reports to be released tomorrow (Friday 4/13)............PPI ...7:30 am. (CST)...
TRADE BALANCE...7:30 am. (CST)......Both are important to the U.S. Dollar............
HIGH...683.30 LOW...675.50 CLOSE...679.90.....$7.80 range.............................................
The following are my guide-line numbers in June Gold 4/13...(FRIDAY)
resistance # 2..............688.00
resistance # 1..............683.50
pivot....679.50
support # 1.................676.00
support # 2.................671.00

To open an account..........888-282-2770

TRADE SMART

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