Thursday, October 18, 2007

Gold Closes $6.40 Higher Today

Poor economic reports again early this trading kept the U.S. Dollar spiraling down-ward today.
The very weak Dollar and the extremely strong Crude Oil markets propelled Gold another $6.40 Higher today.Situations and tensions in the Middle-east certainly helped the Gold and Crude Oils rallies.Tomorrow being Friday look for a possible profit taking opportunity as many investors prefer not to take positions home over the weekend.
HIGH.......771.30 LOW.....766.70 CLOSE.....768.70........
The following are my guide-line numbers for FRIDAY 10/19....December Gold.......
resistance #2.......................775.50
resistance #1.......................771.50
pivot.......................769.00
support #1........................... 766.50
support #2............................764.50

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TRADE SMART.........................

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