Gold Closes $8.30 HIGHER Today...............
Monday's Gold market traded higher due to a very weak U.S. Dollar (50+ points lower at the Gold close) and Geo-political tensions. Gold is the king of of the precious metals and when investors need to direct monies into a "safe haven" due to Geo-political threats the gold market is the choice. With the recent terrorist bomb attempts this weekend in the United Kingdom and a report from ABC NEWS "AL QEDA is planning a terror spectacular this summer" has investors attention and a scramble to safe haven markets.The market traded a $7.30 point range today..HIGH...661.30 LOW ...654.00 CLOSE...659.20.............. expect a Holiday trade tomorrow....(THIN & CHOPPY)................. The following are my guide-line numbers.........7/3....AUGUST GOLD.......... resistance #2..............665.00 resistance #1..............662.00 pivot....658.00 support # 1..................654.50 support # 2..................651.00 TO LEARN TO SWING TRADE/ CONSULTATION/ FULL SERVICE & SELF DIRECT / OPEN AN ACCOUNT................888-282-2770 .............312-987-2770 TRADE SMART..................... |
0 Comments:
Post a Comment
<< Home