Gold Closes $1.00 Lower Today.............

The Gold trade was very quiet and traded in a tight range today. I believe many traders were on the side-lines awaiting the PPI and TRADE BALANCE numbers due out Tuesday 8/17..7:00 am. CST.despite a stronger Crude Oil (early) and a boost in the Stock Market it appeared the Gold was kept negative by a very bullish U.S. Dollar (up 30+). With the injection of Federal FUNDS into the lending industry(on Friday 8/10) traders should feel more confident. The recent two week volatility spikes certainly shattered many confidences. Small $3.30 point range today...HIGH...676.50 LOW...673.20 Close...674.50.............. The following are my swing numbers for 8/14 October Gold................... resistance # 2.........................678.00 resistance #1..........................676.00 pivot.......................674.50 support #1...............................672.50 support #2...............................671.00 LEARN TO TRADE THESE NUMBERS............... GET A FREE OPTION STRATEGIES BOOKLET........... FULL SERVICE /SELF DIRECT..TRADING ACCOUNTS 888-282-2770................... TRADE SMART................... =