Friday, September 28, 2007

Gold Closes Up $10.10 Today..................

The Gold market was very BULLISH today based off a very weak U.S. Dollar.
The Gold market closed $10.10 Higher and closed at the $750.00 level.
Many investors are waiting for key reports coming out next before putting on and holding positions. The Gold has rallied $100.00 + IN THE LAST TWO MONTHS.
HIGH......752.50 LOW...746.00 CLOSE...750.00.....
swing numbers for Monday 10/01 DECEMBER GOLD..............
RESISTANCE #2...............759.50
RESISTANCE #1..................753.00
PIVOT ...................................749.50
SUPPORT #1............................746.50
SUPPORT #2.............................739.50................................
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Thursday, September 27, 2007

Gold Closes Up $4.40 Today.............

Today's Gold market traded in a $6.40 Dollar sporadic range. After a less than favorable New Homes report the Stock Market sold off taking the precious metals down with it.
However UN- confirmed reports regarding tension between Syria & Israel prompted a late session surge for the Precious Metals and the Energy markets..................
HIGH.....743.00 LOW....736.60 CLOSE....739.90........................
SWING NUMBERS FOR 9/28...FRIDAY....DECEMBER GOLD..................
resistance #2.........................746.50
resistance #1.........................743.50
pivot..................740.00
support #1..............................737.00
support #2..............................733.50............................................................
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Wednesday, September 26, 2007

Gold Closes Down $3.30 Today..........

Today's Gold trade was seeking direction and awaiting some key economic numbers due out tomorrow (Thursday). I believe many traders stayed away pending the reports.
REPORTS : EXPORT SALES....GDP...JOBLESS CLAIMS...(7:30 am CST.) and NEW HOME SALES..9:00am CST.).....should move the Gold.........................
Another large range today....$10.50................
HIGH...........744.00 LOW......733.50 CLOSE......735.50............
THE FOLLOWING ARE MY SWING NUMBERS FOR 9/27...DECEMBER GOLD..........
resistance #2......................748.00
resistance #1......................741.50
pivot.....................737.50
support #1...........................735.50
support #2...........................725.00
TRADE SMART.....................
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Tuesday, September 25, 2007

Gold Closes Down .50 cents Today................

A choppy and large range was the result of today's trade.
The Gold was $10.00 Lower over night and into the early day session.
Despite a very weak $U.S. Dollar and a Crude Oil market that was 130 + lower (at the Gold close) the Gold market rallied and late in the session was actually positive before settling down .50 cents for the day. HIGH...741.00 LOW...730.80 CLOSE...738.80.............
The following are my SWING NUMBERS for December Gold WEDNESDAY 9/26...........
resistance #2....................747.00
resistance #1....................743.00
pivot....................737.00
support #1.........................733.00
support #2.........................727.00

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Friday, September 21, 2007

Gold Closes Down $1.00 Today.......................

Today's Gold trade was very choppy and provided some profit taking opportunities today.
The market traded in a $11.50 Dollar range and closed $1.00 Lower.
Due to the Jewish Holiday volume was down today.The market traded as High as $745.50 during the early trading session and certainly felt like it was on it's way to $750.00.
The U.s Dollar gained a little strength today and the Crude Oil was lower at the Gold close.
I still believe there is concern with the Middle-east tensions and in my opinion the trading community would prefer to be LONG rather than SHORT.
HIGH.....745.50 LOW.....734.00 CLOSE.....738.90.............................
The following are my swing numbers for Monday 9/24....DECEMBER GOLD...............
resistance #2..........................750.00
resistance #1..........................745.00
pivot.........................739.50
support #1...............................733.50
support #2...............................728.00
TRADE SMART.............
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Thursday, September 20, 2007

GOLD CLOSED $10.70 HIGHER TODAY........

Today's Gold trade took advantage of a very U.S. Dollar.(DOWN 60+ points at the gold close).
Today's trade found many traders keeping their eyes on the Middle-east as the tension in that region is heating up. This market reminds me of the Gold trade of 1979 with more upside potential. Friday could see some profit taking unless Geo-political issues or trader sentiment over -ride the normal LOGIC of not taking positions over the weekend.
$10.70 point trading range today...HIGH...746.30 LOW...736.50 CLOSE...740.20
SWING NUMBERS FOR FRIDAY 9/21...DECEMBER GOLD..........
resistance #2............................751.00
resistance #1..............................745.50
pivot.................................................741.00
support #1.........................................735.50
support #2...........................................731.00
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Wednesday, September 19, 2007

Today's Gold Markt Closed $5.80 Higher Today........

Today's Gold trade was very choppy today and seemed to be seeking it's level after the FOMC cut rates by a 1/2 point yesterday. WHAT A RIDE! 5 wees ago the market was $80.00 LOWER.
With recent tensions between Iran and Israel we could see even Higher levels.
According to ABC NEWS "IRAN DRAWS UP PLANS TO BOMB ISRAEL IN CASE OF
ATTACK BY ISRAEL" SAYS THE DEPUTY COMMANDER OF IRAN'S AIR FORCE.
REPORTS DUE OUT TOMORROW...9/20...EXPORT SALES....JOBLESS CLAIMS 7:30AM, CST.....hIGH....733.30 LOW...728.00 CLOSE...729.50..................................
CHECK OUT www.commoditytrader.com I have written several Gold Articles..........
SWING NUMBERS FOR TOMORROW 9/20 THURSDAY...DECEMBER GOLD..........
resistance #2............................735.00
resistance #1............................ 732.00
pivot........................730.00
support #1...................................726.50
support #2.....................................725.00
Trade Smart........... BE CAREFUL TOMORROW!!!!!!!!!!!!!!
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Tuesday, September 18, 2007

Today's Gold Market Closed 10 Cents Lower..........

Today's Gold trade was very choppy and covered a $7.90 range today.
With the pending FOMC report due out today at 1:15 many traders took profits and stayed on the side- lines . Tomorrow Wednesday 9/17 watch for the CPI and HOUSING START REPORTS to be released at 7:30 am. CST. HIGH...728.20 LOW...720.30 CLOSE...723.70
SWING NUMBERS FOR DECEMBER GOLD...9/19..........
resistance #2............732.00
resistance #1.............727.50
pivot..............................724.00
support #1.....................719.00
support #2......................716.00..........
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Monday, September 17, 2007

Gold Closes $6.00 Higher Today....................

Today's Gold trade reacted off a very strong Crude Oil market (up 124 at Gold close) and the anticipation of as possible rate cut from the FOMC tomorrow (Tuesday 9/18) during their meeting beginning at 9:00am CST. There is a consensus rates will be cut ,however traders vary whether it will be 1/4 or 1/2 point. Also the PPI report will be released at 7:30 am CST tomorrow.
The market traded in a $8.50 point range ....HIGH...728.30 LOW...719.80 CLOSE...723.80...
The following are my SWING numbers for 9/18....December Gold....................
resistance #2............................732.00
resistance #1.............................728.00
pivot............................................. 724.00
support #1.....................................720.00
support #2.......................................716.00...............
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Friday, September 14, 2007

Gold Closes 10 Cents Lower Today.....................

Today's Gold trade was a choppy and roller coaster ride.The market closed basically unchanged despite trading in a wild $11.70 point range. after an early session rally up to $726.50 the market took profits late to settle 10 cents lower on the day. Many traders are hesitant to carry positions over the weekend especially with the pending FOMC meeting Tuesday 9/18. Traders vary on opinions regarding the FOMC meeting. Ask three traders their opinion and you'll get three different opinions.The Crude Oil was 20 points lower and the U.S. Dollar was 20 points higher at the close of Gold. HIGH.....726.50 LOW...714.80 CLOSE..717.80.............SWING NUMBERS FOR MONDAY 9/17....DECEMBER GOLD...
resistance #2..............732.00
resistance #1..............725.00
pivot.................720.00
support #1...................713.50
support #2...................708.00
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Thursday, September 13, 2007

Gold Closes Down $2.80 Today..................

Today's Gold trade was very choppy and traded in a $7.30 range.
I believe the market is waiting for the FOMC meeting Tuesday 9/18 before traders will trade this market actively. the U.S. Dollar was 15 points higher and the Crude Oil was 4 points lower at the Gold close.Reports: RETAIL SALES...7:30 am. CST. High...719.30 Low...712.00 Close..717.90....The following are my SWING numbers for Friday 9/14....December...Gold....
resistance #2..............724.00
resistance #1..............721.00
pivot................716.50
support #1...................713.50
support #2...................708.00

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Wednesday, September 12, 2007

Today's Gold Market Closed Down $7.80 Today.....

Despite a very weak.U.S. Dollar (DOWN 30 points at Gold close) the Gold market tried and failed to rally early. I feel the market is a little top heavy and after a $70 plus rally over the past month may need to refresh. The Gold traded in a $7.80 point range today (mostly down) and if the Crude oil had not been so bullish today I believe the metals would have sold off much stronger. High....722.30 LOW....714.50 CLOSE....720.70.....................
REPORTS...9/13...Thursday...December Gold...JOBLESS CLAIMS /EXPORT SALES...7:30am.....CST................THE FOLLOWING ARE MY SWING NUMBERS FOR 9/13 FOR DECEMBER GOLD...........
resistance #2..........................727.00
resistance #1..........................723.50
pivot........................719.00
support #1...............................715.50
support #2...............................711.00

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Tuesday, September 11, 2007

Gold Closes $8.90 Higher Today.....................

Today's Gold trade was very strong from start to finish.
With the help of a weak U.S. Dollar (11 points lower at the Gold close) and rumors the FOMC would cut rates 1/4 -1/2 point. Supply and Demand report comes out tomorrow 9/12 at 7:30 am. CST.I believe the Gold is being supported by the FUNDS and could be in for a sell-off / profit take so be very careful. The market traded in a $11.60 point range. HIGH.....723.50 LOW....711.90 CLOSE............721.10..........My swing numbers for Wednesday 9/12...December Gold.....................................
resistance #2.................730.00
resistance #1..................726.00
pivot......................719.00
support #1........................714.50
support #2..........................708.00

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Monday, September 10, 2007

Gold Trades $2.50 Higher Today............

Today's trade was very choppy and lack luster. lots of traders and investors alike were side- lined today in anticipation of OPEC meetings through out the week. Tuesday is 9/11 and others choose not to trade on that day.(6Th anniversary)............
The gold traded in a$6.50 point range on very light volume.
HIGH...........715.50 LOW..............708.00 CLOSE.......712.00
REPORTS....U.S TRADE BALANCE.....7:30am. CST...................................
My swing numbers for TUESDAY 9/11....December Gold............
resistance #2...........................720.00
resistance #1...........................716.00
pivot......................712.00
support #1................................708.50
support #2................................704.00

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Friday, September 07, 2007

Gold Closes Up $ 5.10 Today.............

Today's Gold trade was very strong and traded in a $10.30 point range.
The gold market got a push early rallying off a very weak U.S. Dollar (DOWN 50+ points at the gold close) . The weak payroll numbers UNEMPLOYMENT REPORT) was worse than expected and certainly started the Dollar avalanche. BE CAREFUL Gold has rallied $60+ Dollars in the past 3 weeks! The Stock Market is getting cracked again and investors may liquidate Gold positions to cover Stock margins AGAIN. High.....716.50 Low...706.20 Close...709.70
SWING NUMBERS................
resistance #2........................721.00
resistance #1........................716.00
pivot.....................711.00
support #1.............................705.00
support #2.............................701.00

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Thursday, September 06, 2007

Gold Closes Up $13.90 Today...............

Today's Gold trade was Bullish from start to finish. The trade was fueled by a weaker U.S Dollar and technical triggers which I believe brought FUND and flight to quality investor's back into the market. December Gold traded through $700 and $705 (both significant resistance levels) and posted a $12.00 range.Gold certainly has rebounded from every obstacle thrown in it's path.
HIGH...707.00 LOW...695.00 ...CLOSE...704.60................
Reports Due Out Tomorrow...EXPORT SALES....& UNEMPLOYMENT REPORT.....7:30AM. CST. and WHOLESALE TRADE 9:00 am CST.........................
SWING NUMBERS FOR FRIDAY 9/7...DECEMBER GOLD...................
resistance #2.............714.00
resistance #1..............709.00
pivot....................702.00
support #1....................697.00
support #2...................690.00

Learn to trade these numbers................
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Wednesday, September 05, 2007

Gold Closes Down .80 Cents.................

Today's trading session was sluggish and despite another U.S Stock Market pull back (DOWN 130 + at the Gold Close) the Gold market held it's ground today. The U.S.Dollar was 30+ Lower and the Crude Oil was 20+ Higher at the Gold session close. Traders I have talked with seem to have an uneasy feeling carrying positions over night due to the immense volatility.
The market traded in a tight $4.40 range today. HIGH...692.50 LOW...687.80...CLOSE...690.90
SWING NUMBERS FOR 9/6 THURSDAY....DECEMBER GOLD.........
resistance #2...........................695.00
resistance #1...........................692.00
pivot....................690.50
support #1................................689.00
support #2................................686.00

LEARN TO TRADE THESE NUMBERS.....................
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TRADE SMART..............

CHECK OUT WWW.COMMODITYTRADER .COM ......I HAVE WRITTEN SEVERAL GOLD ARTICLES.......................................