Tuesday, July 03, 2007

Gold Closes $3.80 Lower Today............

Today's trade was a typical Holiday market. I believe traders took profits and liquidated positions prior to the 4Th of July Holiday.A stronger U.S.Dollar and weak grain prices certainly contributed to lower Gold today.Thursday expect some volatility withJOBLESS CLAIMS 7:30am. CST. and non-Manufacturing Index 9:00am CST. Today's trade covered a $5:00 range.
HIGH...659.00 LOW...654.00 CLOSE...655.40...............
The following are my guide-line numbers for Thursday 7/5...August Gold..............
resistance # 2............661.00
resistance #1.............658.00
pivot......656.00
support #1..................653.00
support #2..................651.00

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TRADE SMART............HAPPY 4TH OF JULY !!!!!!!!!!!!!!

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