Gold Closes $1.10 Lower Today.........
Today's Gold trade was very UN-event full today. i believe many traders sat on the side-lines today in anticipation of the FOMC meeting tomorrow (Tuesday 8/7 at 9:00am. CST.). The session only yielded a $2.20 point trading range today.With the U.S. Dollar up 10+ and the Crude Oil down 250+ points at the Gold close I believe the fact Gold closed just $1.10 lower is a good signal for the Gold Bulls. HIGH...678.00 LOW...675.80 CLOSE...677.00.............. the following are my swing numbers for Tuesday 8/7...October Gold......................... resistance #2.................680.00 resistance #1.................678.50 pivot....................677.00 support #1......................676.00 support #2......................675.00 Learn to trade these numbers / full service & self direct / open an account...888-282-2770 CHECK OUT www.commoditytrader.com I have written several articles......... trade smart......................................... |
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