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 check out www.commoditytrader.com ......I have written new articles.......... TRADE SMART......................... |
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