Wednesday, October 03, 2007

Gold Closes .60 Cents Lower Today.............

Today's market was choppy and seeking (unsuccessfully) for direction. the market opened and traded up to it's High's early in the session before selling off and settling .60 cents LOWER on the day. Many traders and investors alike chose to stand on the side-lines pending
tomorrows REPORTS.....EXPORT SALES & JOBLESS CLAIMS...7:30 AM CST...
With a strong U.S. Dollar (up 20+) and a weak Crude Oil (down 20+) the Gold closed virtually UN-CHANGED....HIGH...741.00 LOW...732.50 CLOSE...735.70
The following are my SWING NUMBERS for Thursday 10/4...December Gold...........
RESISTANCE #2.........................745.00
RESISTANCE #1.........................740.50
PIVOT.....................................736.50
SUPPORT #1................................732.00
SUPPORT #2................................728.00
TRADE SMART...........
OPEN AN ACCOUNT TODAY.........888-282-2770...........

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