Gold Closes Up 70 Cents Today...................

A lack-luster trade in the Gold market today. With the meeting of the FOMC (Wednesday 5/9) expect more of the same tomorrow. (CHOPPY)...........Small range today $3.70................
The market rallied early off the weak U.S. Dollar (-14 pts. at the Gold close) but seemed to be dragged backwards by the very weak Crude Oil market today(-80 pts. at the Gold close)......
Tomorrow Tuesday 9:00 am. (CST)...WHOLESALE TRADE REPORT...................
HIGH.....693.20 LOW.....689.50 CLOSE.....690.40 ..........
MANY TRADERS AND INVESTORS ARE ON THE SIDE-LINES AWAITING THE FOMC..


The following are my guide-line numbers for 5/8 Tuesday.June Gold............
resistance # 2...................695.00
resistance # 1...................692.50
pivot.................691.00
support # 1......................689.00
support # 2......................687.00

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