Tuesday, May 29, 2007

Gold Closes Up $1.90 Today....................

Today's trade was very CHOPPY and seeking a direction. Despite a huge down day in the Crude Oil (200+ points Lower at Gold close) the Gold traded more off the negative (9 point lower) U.S Dollar today. News wires reported good talks between Iran and the United States was probably the leading reason Crude Oil tanked. The Gold community has been on that roller-coaster before and seems o be be trading in tandem (opposite) the U.S Dollar more frequently.
The market had a $5.70 range today. HIGH...661.90 LOW...656.20 CLOSE... 657.20
The following are my guide-line numbers for 5/30...Wednesday...June Gold.......
resistance #2.................664.50
resistance #1.................661.00
pivot......658.50
support # 1....................655.00
support # 2....................652.50

LEARN TO TRADE THESE SWING NUMBERS / FREE RESEARCH/
RATES/ CONSULTATION/PLATFORMS FOR ALL TRADING LEVELS......
OPEN AN ACCOUNT...........888-282-2770...................

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

0 Comments:

Post a Comment

<< Home