Monday, April 09, 2007

Gold Closes Down $2.50 Today................

Monday's Gold market closed Lower after trading on the positive side most of the session.
A strong er U. S . Dollar and a very weak Crude Oil market dragged the Gold market down for the trading session. A $7.20 point range today that was CHOPPY and seeking direction.
Keep an eye on the Middle -east (Iran has nuclear news to report this week ) this week.
REPORTS : SUPPLY & DEMAND 4/10 7:30 am. (CST).................
HIGH...683.00 LOW...675.80 CLOSE.......676.90...........................
My guide-line numbers...............
resistance # 2.........................685.50
resistance # 1.........................681.50
pivot.................678.50
support....................................674.00
support....................................671.50

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