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.............
OPEN AN ACCOUNT TODAY ONLINE....FULL SERVICE / SELF DIRECT PLATFORMS
RATES AND STRATEGIES FOR ALL TRADING LEVELS..............
888-282-2770.....CHECK OUT www.commoditytrader.com ...I have written several Gold Articles............

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