Gold Closes $6.20 Lower Today............

Today's Gold trade remained Choppy and in search of good news. Since failing to break through $700.00 recently it appears the public and even many Brokers are losing interest and are fearful of another down-side sell-off. I think the Gold is shadowing the U.S. Dollar in a safe-haven manner. Instead of over-reaction in either direction I believe the market belongs up here and is looking /waiting for the Geo-political / economic news it needs to run over $700.00.
The last few run-ups and failures at $700.00 have tested investors patience and pocket books.
small range again today.....Some good option opportunities though.....
High......679.40..............Low..........674.70....................Close.............677.30
The following are my guide-line numbers for 5/2..WEDNESDAY....June Gold............
resistance # 2.............682.00
resistance # 1........... 679.00
pivot..................677.00
support # 1.................674.50
support # 2.................672.50

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