The Gold Market Closed $5.80 Today..........
The Gold market reacted to a very STRONG U.S. Dollar and closed $5.80 Lower. Most of the move was technical and chased long positions into liquidation.basically many traders had their STOP/LOSS orders executed today. Wide range today ..($9.00) points... Nothing extremely Bearish in the market just technical and very cautious trading. Most long time traders feel long term Gold will trade much higher,but until the Gold gets the economic/Geo-political news needed the pit traders will rue the trade. HIGH..659.50 LOW..650.50 CLOSE..654.20......... The following are my guide-line numbers for AUGUST GOLD...6/22.............. resistance #2................664.00 resistance #1................659.50 pivot......655.00 support #1.....................650.50 support #2.....................646.00 LEARN TO TRADE THESE NUMBERS / CONSULTATION / RATES & PLATFORMS FOR ALL TRADING L LEVELS /OPEN AN ACCOUNT......888-282-2770 TRADE SMART........................ |
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