Gold Closes Up $9.70 Today...........
Today's market was very strong and gained $8.80 back from yesterday's free fall. Trading in a $12.20 point very volatile range today while taking advantage of a weaker U.S Dollar. Many people (including me) thought the Gold market might continue to sell off early today as it was $4.00 Lower in the over night market when I arrived at work this morning. Much to my surprise the Gold(day session ) market actually opened $4.00 Higher ($8.00 difference) and never looked back.Two REPORTS to watch Monday 8/13.......... RETAIL SALES & BUSINESS INVENTORIES..7:30 AM. CST.......................... HIGH...682.00 LOW...669.80 CLOSE...675.30.................. THE VOLATILITY IS FAR FROM OVER!! BE CAREFUL.................... The following are my guide-line (swing numbers) points for Monday 8/13 October Gold..... resistance # 2...............688.00 resistance # 1................681.00 pivot..................................675.50 support #1......................669.00 support #2.....................663.00 LEARN TO TRADE THESE NUMBERS........... FREE OPTION STRATEGY BOOKLET........... FULL SERVICE / SELF DIRECT...ALL TRADING EXPERIENCES.......... 888-282-2770---------------------- TRADE SMART........................................ |
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