Monday, April 02, 2007

Gold Closes $2.50 Higher................

The Gold market was LOWER most of the day, but a late session rally helped push the Gold over 671.00 today. This week is a Holiday market ...Passover begins today and Friday is Good Friday before the Easter weekend. Friday the Gold market will be closed. This week should be CHOPPY with the volume decreasing as the Friday Holiday gets closer.(HUGE VACATION PERIOD /SPRING BREAK).The Gold seemed to rally and follow the very CHOPPY and Middle-east watching Crude Oil market. Crude rallied a $1.00 (per bar.) and pulled the direction seeking Gold market with it. Big range in Gold today...($10.00)..........
HIGH.....671.70 LOW....661.70 CLOSE....671.50 .........................
My guide-line numbers for Tuesday 4/3 in JUNE GOLD..............

resistance # 2...........678.50
resistance # 1...........675.00
pivot............668.50
support.....# 1...........665.50
support.....# 2..........658.50

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