Monday, October 29, 2007

Gold Closes Up $5.10 Today.............

Today's Gold trade was very choppy and seeking direction pending the two day (Tuesday 10/28 & Wednesday 10/31) FOMC MEETING. Many traders are expecting a1/4 point rate cut.
Also tomorrow at 9:00am CST. CONSUMER CONFIDENCE REPORT.
The U.S.Dollar was 16 lower at the Gold close and the Crude Oil was over 100 points higher.
HIGH....795.00 LOW...789.00 CLOSE...792.50.....................
THE FOLLOWING ARE MY GUIDE-LINE NUMBERS FOR DECEMBER GOLD 10/30......
resistance # 2.......798.00
resistance #1........795.00
pivot..............792.00
support #1.............789.00
support #2.............786.00
TRADE SMART..........
OPEN AN ACCOUNT TODAY...FULL / DISCOUNT
INQUIRE ABOUT MY PRESENT TRADING STRATEGIES...........
888-282-2770

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