Monday, November 12, 2007

Gold Closes $27.00 Lower Today................

The profit taking continued today under the influence of a much stronger U.S Dollar (up 60+ points at the Gold close). we are getting close to trading Holiday markets and it is my belief traders are taking profits in the anticipation the Stock Market may resume it's slide. Last time the Stock Market traders sold off their Metals positions to cover margins.
Gold traders have very long memories. huge $16 trading range today.
HIGH...815.00 LOW...799.00 CLOSE...807.70..................
SWING NUMBERS FOR 11/13...DECEMBER GOLD..............
RESISTANCE #2......................826.00
RESISTANCE #1......................815.00
PIVOT.......807.00
SUPPORT #1............................789.00
SUPPORT #2............................788.00
TRADE SMART
TRADE GOLD
CALL TODAY............888-282-2770

0 Comments:

Post a Comment

<< Home