Thursday, May 31, 2007

June Gold Closes $7.90 HIGHER.......

With the help of poor economic news for the U.S. Dollar the Gold market produced very strong rally today. Despite a weaker Crude Oil market (27 points lower at Gold close) the Gold continues to trade off the direction of the Dollar. (THEY TRADE IN OPPOSITE DIRECTIONS MOST OF THE TIME)..The4 Dollar was 7 points lower at the close of Gold. Today's market traded in a $3.90 point range. HIGH...662.00 LOW...657.50 CLOSE...661.00.....
As of tomorrow 6/1...My guide-line numbers will be for August GOLD !!!!!
resistance # 2..................670.00
resistance # 1..................668.50
pivot...............660.50
support # 1..................... 659.00
support # 2......................656.00

Tomorrow being Friday...be careful...maybe some profit taking !!!!!
Check out www.commoditytrader.com I've written several articles.
LEARN HOW TO TRADE THESE SWING NUMBERS/CONSULTATION/
RATES/PLATFORMS/ FOR ALL TRADING LEVELS......
TO OPEN AN ACCOUNT 888-282-2770...................
TRADE SMART !

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