Gold Closes $1.00 Lower Today......................
Today's gold session was very thin and choppy today. I believe many traders sat on the side-lines today awaiting word from the FOMC. It was a day in which traders picked each others pockets trying to anticipate a market direction.i believe Ben Bernanke will inject stability and help ease the Stock Trading Communities fears.The market traded in a $6.30 range (October) and traded over $5.00 Dollars lower early before a late session rally. the U.s. Dollar was over 20Pt's.Higher at the Gold close.High....676.00 Low...671.50 Close...676.00...... The following are my Guide-line numbers for 8/8 Wednesday...OCTOBER GOLD............... RESISTANCE #2................680.00 RESISTANCE #1................677.50 PIVOT 674.50 SUPPORT #1......................673.00 SUPPORT #2......................670.00 REPORTS : WHOLE SALE TRADE.....9:00 AM. CST................... LEARN TO TRADE SWING NUMBERS.............. FREE OPTION STRATEGY BOOKLET.................. FULL SERVICE & SELF DIRECT ACCOUNTS............888-282-2770........ TRADE SMART........................ |
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