Wednesday, August 08, 2007

Gold Closes Up $3.90 Today..........

Today's Gold trade stayed within a $2.60 Dollar range today . I believe many traders were side lined again today in anticipation of two reports coming out tomorrow. reports due out....EXPORT SALES & JOBLESS CLAIMS..7:30 AM. CST. The U.S. Dollar 15 LOWER and the Crude Oil 30+ Higher also gave support to the Gold market today.
HIGH...681.50 LOW...678.90 CLOSE...679.90....

The following are my guide-line numbers for August 9..Thursday..October Gold............................
resistance # 2................683.00
resistance #1..................681.00
pivot....................680.00
support #1.........................678.50
support #2..........................677.00

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