Monday, July 09, 2007

Gold Closes $7.70 Higher Today...............

The Gold trades in a $7.20 point range today despite a weak Crude Oil market and only a slightly weaker U.S. Dollar. I attribute most of today's rally to a fundamental follow through from Friday's trade. Friday's Gold market closed above $650.00 and to my way of thinking was BULLISH. Today's trade opened above my pivot area and rallied as high as $665.00.
If the market can rise above the $666.00 and $670.00 levels it will have traded through key resistance area's and return to what I believe a Bullish trend..............
REPORTS: 7/10...WHOLESALE TRADE..9:00 AM. CST...........................
HIGH....665.00 LOW.....657.80 CLOSE....661.90.............
the following are my guide-line numbers for 7/10 Tuesday..AUGUST GOLD.........
resistance # 2................669.00
resistance # 1................665.00
pivot.........661.50
support # 1.....................658.00
support # 2.....................654.50

LEARN TO TRADE THESE NUMBERS / PLATFORMS & FULL SERVICE / RATES & STRATEGIES FOR ALL TRADING LEVELS / RESEARCH /...............................
TRADE ALL MARKETS........OPEN AN ACCOUNT..............888-282-2770.............
WWW.COMMODITYTRADER.COM ..........i HAVE WRITTEN SEVERAL ARTICLES.........

TRADE SMART !.

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