Gold Closes Up $3.80 Today.............

Today's Gold session traded in a CHOPPY and tight trading range. the markeT closed above $680.00 and appeared to follow the Crude Oil and the report of 172 terrorists captured with the intent to destroy Saudi Arabian Oil fields. Many traders are nervous at these levels and on the side-lines. If or when Gold trades over $700.00 I believe it will bring in skeptical and the safe haven money back to the market. it has failed several times recently to BREAK $700.00.
I've noticed Option prices BULL CALL are coming down in price and may lure long term traders back. Crude Oil up (100 + points at Gold close) and a weak U.S. Dollar is the prime reason for Gold HIGHER today. (UP $3.80)
HIGH...........682.00 LOW............677.80 CLOSE...........681.80
The following are my guide-line numbers for Monday 4/30...June Gold
resistance # 2...................685.00
resistance # 1...................683.50
pivot........................680.50
support # 1.......................679.00
support # 2.......................675.00

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