Thursday, July 26, 2007

Gold Trades $11.00 Dollars lower Again !!...............

Today's Gold market closed another $11.00 Dollars Lower today. Despite a very weak U.S. Dollar (29 lower) and a Higher crude Oil market (40 +) at the Gold close the market could not sustain any rallies. once again it is my belief Stock traders are liquidating long Gold positions to cover their margins in their Stock portfolios.After a $40.00 rally over the past month the Gold market has just had a50% correction in two days.I believe it's needed refresh and look at it as an opportunity to re-enter cheaper. A $13.10 point range today......HIGH...673.10 LOW..660.00.....CLOSE....662.80..............................WEAK EARLY VOLUME ADDED TO THE AVALANCHE.....The following are my guide-line numbers for 7/27 Friday..August Gold..
resistance # 2................678.00
resistance # 1................670.00
pivot.............665.00
support # 1.....................657.00
support # 2.....................652.00

TO LEARN TO TRADE THESE NUMBERS.888-282-2770
OPEN AN ACCOUNT.888-282-2770
TRADE SMART......................

0 Comments:

Post a Comment

<< Home