Tuesday, May 22, 2007

Gold Closes Down $3.90 Today....................

Today's Gold session was extremely technical today. My swing numbers worked very well today. i had the HIGH and the LOW. With a stronger U.S. Dollar and a very weak Crude Oil (-94 Pt's.today) the Gold simply did what it should of done. Despite the Geo-political news in Lebanon the Gold traded text book technically. I believe the Geo-political news in Lebanon is already built into the market....However things are like a tinder box over there and worth watching closely. Gold traded in a $7.00 range...HIGH..665 LOW...659.80 CLOSE..659.90...
Might have a CHOPPY trade tomorrow with economic re5ports out Thursday morning...........
The following are my guide-line numbers for 5/23...June Gold .....
resistance # 2..............668.50
resistance # 1..............663.00
pivot.......661.50
support # 1................. 658.00
support # 2..................654.50

TO LEARN HOW TO TRADE THESE NUMBERS / GET RATES / COMPARE PLATFORMS/FREE CONSULTATION / Call 888-282-2770

check out article www.commoditytrader.com "In Gold We Trust "

TRADE SMART..............................................................................

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