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 FULL SERVICE / SELF DIRECT ..........888-282-2770...............OPEN AN ACCOUNT... TRADE SMART................... |
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