Wednesday, May 09, 2007

Gold Closes $4.90 Lower Today.............

Today's trade was CHOPPY and searching for a direction. Due to the FOMC meeting and probably the pending reports tomorrow the Gold community chose to ignore a weaker U.S. Dollar and followed the very weak (100+pts. LOWER ) Crude Oil market today.
Tomorrow will reveal the following report numbers : EXPORT SALES...JOBLESS CLAIMS...
and U.S. TRADE BALANCE..all at 7:30 am. (CST).........The session provided a $9.50 range...
HIGH.....687.00 LOW........677.50 CLOSE.......682.50 ....................
The following are my guide-line numbers for June Gold 5/10...................
resistance #2..............692.00
resistance #1...............688.00
pivot.................682.50
support # 1.................678.00
support # 2.................672.00
BE CAREFUL TOMORROW !!!!!!!

TO GET FREE RESEARCH / CHARTS during the day......GET ON MY E-MAIL LIST.....
PLATFORMS / RATES / CONSULTATION / FOR ALL LEVELS OF TRADERS
OPEN AN ACCOUNT.............888-282-2770 ....................

0 Comments:

Post a Comment

<< Home