Friday, July 13, 2007

Gold Close Down $1,00 Today........

Friday's Gold trade was slight profit taking session ,The market was seeking direction and traded in a very technical $5.20 point range.I am long Bull/Call spreads and feel it is the way to trade this market presently.The Crude Oil was over 100 points higher and the U.S.dollar was 5 points lower at the Gold close. Keep an eye on the Middle-east and trade this market with stop / loss or spreads would be my recommendation.
HIGH..........669.70 LOW......664.50 CLOSE.....667.30..................
The following are my guide-line numbers for MONDAY 7/16....AUGUST GOLD.......
resistance # 2................672.00
resistance #1.................669.50
pivot..........667.00
support #1......................664.00
support #2......................662.00

TO LEARN TO TRADE THESE NUMBERS / 888-282-2770

OPEN AN ACCOUNT / FULL SERVICE ......SELF DIRECT....../
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CALL...888-282-2770......

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