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
FULL SERVICE BROKER / SELF DIRECT / TRADE ALL FUTURES & OPTIONS...
RATES AND PLATFORMS FOR ALL LEVELS....OPEN AN ACCOUNT TODAY.........
888-282-2770................

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

0 Comments:

Post a Comment

<< Home