Tuesday, October 30, 2007

GOLD CLOSES $4.80 LOWER...

Investors seemed to trade on the cautious side pending the results of the FOMC two day meeting which will end Wednesday. The market traded in a $6.20 point range today with some light profit taking. The U.S. Dollar was unchanged and the Crude Oil was over 180 points lower at the Gold close.Tomorrow FOMC continues to meet....REPORTS...GDP 7:30am. CST. & CONSTRUCTION spending 9:00am. CST...(BE CAREFUL).....................
HIGH....788.40 LOW...782.20 CLOSE...787.80..............
RESISTANCE #2.................792.00
RESISTANCE #1.................790.00
PIVOT........................786.00
SUPPORT #1.......................783.50
SUPPORT #2.......................780.00

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