Wednesday, July 11, 2007

Gold Closed $2.30 Lower Today.................

Today's Gold market was very technical and traded between my support and resistance levels all day. A small$4.70 point range today. despite a weaker Dollar the Gold seemed to stall up around $666.00 and in my opinion traders took some profits the second half of the session.
Some key economic numbers Thursday could possibly make tomorrows' trade very interesting.
Reports 1/12 ...EXPORT SALES / JOBLESS CLAIMS /SUPPLY & DEMAND / TRADE BALANCE....ALL COMING OUT 7/12..THURSDAY...7:30 AM. CST...................................
HIGH...666.10 LOW...661.40 CLOSE...662.10...................................................................
The following are my guide-line numbers for August Gold 7/12...............
resistance #2.................668.00
resistance #1.................664.50
pivot.............663.00
support #1.....................660.00
support #2.................... 658.00
LEARN TO TRADE THESE NUMBERS / TRADE FULL SERVICE OR SELF DIRECT/ ALL MARKETS / TO OPEN AN ACCOUNT.....CALL 888-282-2770......................
TRADE SMART.........................


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