Wednesday, June 06, 2007

Gold Closes Down .50 Cents Today............

Today's trade was very thin and CHOPPY and trades in a technical $6.70 point range.
I believe many traders were waiting for tomorrows economic reports before positioning themselves in the market. The U.S. Dollar fell off late and was 1-2 points lower at the Gold close.
The Crude Oil was over 35 points Higher at the time Gold closed.
Tomorrow Thursday 6/7 the following reports will be released:
EXPORT SALES..7:30 AM. JOBLESS CLAIMS..7:30 AM. WHOLESALE TRADE..9:00 AM.
(ALL TIMES ARE CST.)............CAREFUL !!!
HIGH....677.00 LOW....670.30 CLOSE....674.60......................
The following are my guide-line numbers for August Gold....Thursday..6/6
resistance # 2......................680.50
resistance # 1......................678.00
pivot........674.00
support # 1..........................671.00
support # 2..........................667.00

TO LEARN HOW TO TRADE THESE SWING NUMBERS/ CONSULTATION/
PLATFORMS & RATES / OR TO OPEN AN ACCOUNT..888-282-2770
TRADE SMART !!!

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