Friday, July 20, 2007

Gold Closes Up $6.60 Today..............

The Gold market played off the weak U.S. Dollar today and broke through some very key technical levels to close $6.60 HIGHER. Fed Reports concerning a high rate of mortgage foreclosures probably was an indicator for the rally.Trading through $685.00 (August)and settling over $680.00 is very Bullish technically. The market traded in a $8.70 range......(MOSTLY UP)
HIGH..............687.00 LOW.......678.30 CLOSE....687.40..............
check out www.commoditytrader.com ..written several Gold articles..............
The following are my guide-line numbers for 7/23...Monday...August Gold..............
resistance # 2.................692.50
resistance # 1................ 689.00
pivot..............683.50
support # 1......................679.50
support # 2......................674.50

LEARN HOW TO TRADE THESE NUMBERS..............
OPEN AN ACCOUNT...FULL SERVICE OR SELF DIRECT..........
TRADE SM,ART.....................

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