Friday, August 10, 2007

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...........
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TRADE SMART........................................



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