Gold Closes $9.40 Lower Today...........

Despite reports of a South African Gold production cut the market could not rally and began to see-off in the wake of an AP Report. The AP reported "rumors the Fed is expected to be less inclined to cut rates"gave confidence to a weak U.S. Dollar and boosted it up 40+ points today (at the gold close). The gold could not hold the $674.00 area pivot and dropped like a stone the last half of the day. The sell off caused stop/loss orders to be EXECUTED (filled) and started a
race to cut loss'. A big $13.00 range today. (mostly down)......................
HIGH...675.50 LOW...662.50 CLOSE....665.20.................
the following are my guideline numbers for Friday 6/8...August Gold..............
resistance # 2..................681.00
resistance # 1...................673.50
pivot.........668.00
support # 1.......................660.50
support # 2.......................655.00

LEARN TO TRADE THESE NUMBERS / CONSULTATION / PLATFORMS & RATES
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