Gold Close $5.90 Lower Today...............
The Gold has a rough few weeks and much of the monies Fund traders designate for trading Gold has been transferred into U.S. Treasury Instruments due to higher Yields.
Despite Geo-political tensions and South African Gold production the market is having trouble with upside follow through. It certainly needs volume and strong bullish news before it can hold rallies. A $6.00 range today. HIGH..656.00 Low..650.00 CLOSE..653.10.................
REPORTS...BUSINESS INVENTORIES & RETAIL SALES..6/13 7:30am. (CST).....
The following are my guide-line numbers for August Gold 6/13.....
resistance #2........................659.00
resistance #1........................656.00
pivot..................653.00
support #1...........................650.00
support #2...........................647.00
TO LEARN TO TRADE THESE NUMBERS/RATES & PLATFORMS /CONSULTATION /
DISCUSS STRATEGIES/ OR TO OPEN AN ACCOUNT...888-282-2770
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