Tuesday, November 27, 2007

GOLD CLOSES $12.50 LOWER TODAY.......

Today's Gold trade was very choppy with a nervous feel to it. It was the last trading day for December Gold so from today on I will be talking February Gold. the U.S Dollar showed lots of strength today due to the reports" Citigroup said late Monday that Abu Dhabi Investment Authority will invest $7.5 billion in the nations largest bank, offering needed capital to offset big losses from mortgages and other investments" and the falling oil prices due to reports their would be an increase in Oil production.BOTH these reports are very PRO U.S. Dollar.
I am still long bull/call spreads.Very wide trading range today ($9.50) point range......
HIGH...825.30 LOW...815.80 CLOSE...821.30......
The following are my swing numbers for 11/28...FEBRUARY GOLD........................
RESISTANCE #2...............................830.00
RESISTANCE #1...............................826.00
PIVOT............................821.00
SUPPORT #1......................................816.50
SUPPORT #1......................................810.00
TRADE GOLD ..TRADE GOLD.. CALL TODAY..888-282-2770

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