Gold Closes Up $2.50 Today.........................
The Gold market closed up $2.50 after trading in a very tentative trade . Quite honestly many traders took profits late in the session after the market stalled and could not make new highs.There is a lot of resistance between 670.00 and 675.00 and the Gold market will need help (CRUDE OIL ..trading higher) in order to sustain rallies. Despite the U.S. Dollar trading 25 + points lower at the Gold close it certainly appeared the Crude Oil kept the Gold market from trading much higher today. the Gold traded in a tight $4.10 point range. HIGH....671.50 LOW....667.50 CLOSE....668.70......................... Tomorrows reports : EXPORT SALES...& JOBLESS CLAIMS....7:30am. CST. 8/23...... The following are my guide-line / swing numbers 8/23....December Gold.................. resistance #2.......................673.00 resistance #1.......................670.50 pivot....................669.00 support #1............................666.50 support #2............................665.00 LEARN TO TRADE SWING NUMBERS.... OPEN AN ACCOUNT.....FULL SERVICE / SELF DIRECT / RATES AND PLATFORMS FOR ALL TRADING LEVELS...........888-282-2770............................... CHECK OUT WWW.COMMODITYTRADER.COM (WRITTEN MANY GOLD ARTICLES) WE TRADE THE WORLD ! TRADE SMART.............. |
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