Thursday, May 17, 2007

Gold Closes Down $4.30 Today......

The U.S. Dollar got good economic news this morning and rallied 15 points HIGHER (at the Gold close). This in turn sent the Gold Lower. The Gold market was actually a couple Dollars higher early and prior to the reports.(EXPORT SALES & JOBLESS CLAIMS)....A very CHOPPY and Wide range today.....$9.50 points.............The Gold did hold technical support levels but it was really hard to feel good about buying it...very choppy.........
HIGH.....663.80 LOW 654.30 CLOSE 657.20.......
The following are my guide-line numbers for 5/18 Thursday JUNE GOLD..................
resistance #2....668.00
resistance #1....663.00
pivot....658.50
support # 1.......653.00
support # 2......649.00

LEARN TO TRADE THESE NUMBERS..........
RATES/ PLATFORMS FOR ALL TRADING LEVELS............
OPEN AN ACCOUNT MDALY@MANDUCATRADING.COM
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TRADE SMART.............................

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