Monday, July 30, 2007

Gold Closes $4.00 Higher Today............

With the help of stability in the U.S. Equity markets the Gold market rebounded for a $4.00 rally today. The Gold also received help from a lower U.S. Dollar and a late Crude Oil rally. Hopefully the U.S. Stock Market has found some support and the correction is complete.
Tuesday's reports: PERSONAL INCOME 7:30 AM. CST.....U.S. CONSUMER CONFIDENCE 9:00 AM. CST............................The market traded in a $4.40 point range today..............
HIGH......664.10 LOW......659.70 CLOSE.....664.10...............
resistance #2...................667.00
resistance #1...................665.50
pivot ..........................662.50
support.#1........................661.00
support #2........................658.00

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