Monday, July 02, 2007

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