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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