Friday, April 20, 2007

Gold Closes $7.80 HIGHER Today....................

Friday's Gold market RALLIED $7.80 Higher today with help from a weaker U.S. Dollar and a very BULLISH Crude Oil market (up 100 + points at Gold close). it sure looked like they'd run it up to $700.00 today (just to test the waters) but the market found strong resistance.
As I said yesterday it will take a mighty push (Geo-political, economic. or Fund buying to drive the Gold past the $700.00 psychological level . Small range today ($4.00)..........
HIGH......698.00 LOW....694.00 CLOSE....695.80.............
The following are my guide-line numbers for MONDAY 4/23 ...June Gold.............
resistance # 2.................700.00
resistance # 1..................698.00
pivot...............696.00
support # 1.....................694.00
support # 2.....................692.00

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