Wednesday, April 18, 2007

Today's Gold Market Closed Up .60 CENTS TODAY...

The Gold trade today was a very tentative and CHOPPY market. it traded in a very tight and smaller than usual range today.($5.10 range)........This is probably due to the economic reports coming out at 7:30 am. (CST) tomorrow(THURSDAY).....EXPORT SALES......JOBLESS CLAIMS..........I think many traders are leery to have any positions over-night (especially with the memory of the $70.00 BREAK 7 weeks ago fresh in every bodies mind).
At present the Crude Oil / Price of Gasoline is at the center of the public attention.....
However, if or when Gold trades over $700.00 per troy oz. it will get world-wide attention and interest again (GOLD FEVER) ........The public really got caught in the last sell-off.......and in my opinion are still licking their wounds. There are some good strategies for this .LOW of the day was my support level today...GO CHECK !!!!......
HIGH.....695.30 LOW....690.20 CLOSE...693.10
The following are my guide-line numbers for 4/19 THURSDAY.....JUNE GOLD........
resistance # 2..................698.00
resistance # 1..................696.00
pivot....................693.00
support # 1......................691.00
support # 2......................688.00....................

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