GOLD CLOSES $5.00 LOWER TODAY...
ANOTHER NERVOUS AND CHOPPY TRADE IN THE GOLD TODAY... The trading community once again watched a strong U.S. Dollar set the tone for another weak day in the Gold market. Today's trade was very unusual considering a higher Crude Oil (especially early) and reports from the Housing sector deemed to be BEAR-ISH Dollar had no effect on a Gold market unable to mount or sustain any significant rallies. Gold traded in a $7.40 point range today...HIGH...809.40 LOW...802.00 CLOSE...802.30 TOMORROW'S REPORTS....PERSONAL INCOME 7:30AM CST...CONSTRUCTION SPENDING 9:00 AM CST................................... The following are my swing numbers for Friday...11/30...FEBRUARY GOLD.............. RESISTANCE #2.........................812.00 RESISTANCE #1.........................807.00 PIVOT....................804.50 SUPPORT #1...............................799.50 SUPPORT #2...............................797.00................................. |
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