Thursday, June 21, 2007

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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