Monday, June 04, 2007

Gold Closes .60 Cents Lower Today..............

Despite a very weak U.S. Dollar (26 points lower at Gold close) and a very strong Crude Oil market (up 80+ points at Gold close) the Gold market traded between my pivot and 1st resistance point all session long. it appeared the traders were looking for news to guide the market. only a $5.30 point range today. HIGH...679.50 LOW...674.80 CLOSE...676.30....
Lots of reports on Thursday...maybe traders are waiting til then........................
The following are my guide-line numbers for 6/5..Tuesday...AUGUST GOLD..................
resistance #2.................682.50
resistance #1.................679.00
pivot................677.00
support # 1...................674.00
support # 2...................671.50................................
Learn how to trade these numbers !!!
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CHECK OUT www.commoditytrader.com ..........written several Gold reports.....
open an account..........888-282-2770............
TRADE SMART.......................................

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