Friday, September 07, 2007

Gold Closes Up $ 5.10 Today.............

Today's Gold trade was very strong and traded in a $10.30 point range.
The gold market got a push early rallying off a very weak U.S. Dollar (DOWN 50+ points at the gold close) . The weak payroll numbers UNEMPLOYMENT REPORT) was worse than expected and certainly started the Dollar avalanche. BE CAREFUL Gold has rallied $60+ Dollars in the past 3 weeks! The Stock Market is getting cracked again and investors may liquidate Gold positions to cover Stock margins AGAIN. High.....716.50 Low...706.20 Close...709.70
SWING NUMBERS................
resistance #2........................721.00
resistance #1........................716.00
pivot.....................711.00
support #1.............................705.00
support #2.............................701.00

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CHECK OUT www.commoditytrader.com WRITTEN SEVERAL GOLD ARTICLES............

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