Tuesday, November 13, 2007

Gold Closes $8.70 Lower Today.................

The profit taking continued today. it was certainly helped by the option expiration sell-off in the energy markets. Crude Oil was down $3.90 at the Gold session close.gold traded in a $13.60 point range today that appeared to be a nervous / choppy trade.The Geo-political scheme heightened today with reports of The Turkish Army crossing into Iraq.
Tomorrows reports: PPI / RETAIL SALES 7:30 am. CST................
HIGH...809.30 LOW...795.70 CLOSE...799.00...........
SWING NUMBERS FOR 11/14...DECEMBER GOLD...........
RESISTANCE #2............815.00
RESISTANCE #1............806.50
PIVOT..............801.00
SUPPORT #1...................792.50
SUPPORT #2...................787.00................
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TRADE SMART.........TRADE GOLD...........CALL TODAY.....888-282-2770.........

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