Gold Closes $8.40 Lower Today...........
The Gold market closed $8.40 Lower today due to a unusually strong Dollar and a profit taking sell-off in the Crude Oil. Both the Gold and the energy markets have rallied to unfamiliar heights over the last two months.The Gold actually rallied from a low of $751.00 to close at $760.00 on REPORTS (ABC NEWS) "Turkish Troops Press Forward Toward Iraq Border"...... HIGH....760.50 LOW...751.00 CLOSE...760.00.............. KEEP AN EYE ON THE GEO-POLITICAL TENSION................. THE FOLLOWING ARE MY GUIDE-LINE NUMBERS FOR 10/23...DECEMBER GOLD........ resistance #2.............767.00 resistance #1.............763.00 pivot...................757.00 support #1..................753.50 support #2..................747.00 Trade Smart............. OPEN AN ACCOUNT...........888-282-2770 |
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