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
TRADE SMART.............FULL SERVICE / SELF DIRECT / RATES AND PLATFORMS FOR ALL TRADING LEVELS......................888-282-2770............................

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