Wednesday, August 15, 2007

gold Closes Unchanged Today.................

The Gold market closed unchanged today.the night session was trading lower and had a bearish follow through on the opening and most of the first half of the trading session.
The market was almost $7.00 lower before a second half rally to actually go positive before settling unchanged.i believe the bulls have to be very relieved for the late session rally despite a very strong U.S. Dollar (30+ HIGHER at gold close).Very important REPORTS to watch tomorrow (Thursday 8/16).....EXPORT SALES....JOBLESS CLAIMS....HOUSING STARTS.........7:30 AM. CST. AND GAS STORAGE...8:30 AM. CST........................
I HAVE DECIDED TO TRADE DECEMBER GOLD AT THIS POINT (MORE VOLUME)
DECEMBER GOLD HIGH...681.20 LOW...672.50 CLOSE...679.70.................
My swing numbers for Thursday 8/16...DECEMBER GOLD...........................
resistance #2..................................687.00
resistance #1..................................683.50
pivot..........................678.00
support #1.......................................675.00
support #2.......................................669.00

TO LEARN TO TRADE THESE NUMBERS.................888-282-2770------------
OPEN AN ACCOUNT..........FULL SERVICE / SELF DIRECT / RATES AND PLATFORMS FOR ALL TRADING LEVELS............888-282-2770 MDALY@MANDUCATRADING.COM

WE TRADE ALL MARKETS.....
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