Gold Closes Up .30 Cents Today...............
Today's Gold trade covered a $8.20 point move (mostly up) prior to closing just .30 cents higher. The early morning Housing sector report....BAD....Higher cost of credit = weak U.S.Dollar. The market felt over-bought early and sold off due to profit taking before.KEY REPORTS due out tomorrow. EXPORT SALES & JOBLESS CLAIMS 10/18 7:30am. CST... ABC NEWS REPORTS "TURKEY DEFIES U.S.,OK's IRAQ INVASION"......Just what we need...more tension in the region. HIGH....769.20 LOW...761.00 CLOSE...762.30..... The Following are my guide-line numbers for 10/18...Thursday...DECEMBER GOLD..... resistance #2...................772.00 resistance #1...................767.00 pivot........................764.00 support #1........................759.00 support #2........................756.00............................. CHECK OUT www.commoditytrader.com I have written anew article........ TRADE SMART.........OPEN AN ACCOUNT TODAY...888-282-2770 /312 -987-2077 WE TRADE THE WORLD................... |
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