Friday, November 30, 2007

GOLD CLOSES DOWN $13.20 TODAY..........

Another STRONG session for the U.S. Dollar continues the Gold landslide.
The Gold community is not convinced the BULL market is over. You can tell by the BULL CALL option interest for February and April 2008. All traders realize markets refresh and re-trace...this is a correction and a possible opportunity to fill in a technical gap.I believe many things that drive the Gold higher such as a weak housing sector, high energy prices, and war environment to name a few are still very prevalent in these markets.,The gold market is still the haven for investors seeking a safe haven.(WORLD CURRENCY).many traders I talk with are not negative on Gold ,but rather looking for the opportunity to re-enter at a lower price level. In other words they are buying "MARKET DIPS".Today's market traded in a CHOPPY $15.50 range,
HIGH...800.50 LOW...785.00 CLOSE...789.00..................
SWING NUMBERS FOR MONDAY 12/03...FEBRUARY GOLD............
RESISTANCE #2.........................806.00
RESISTANCE #1.........................797.00
PIVOT......................791.00
SUPPORT #1................................781.50
SUPPORT #2................................776.00

TRADE SMART..............TRADE GOLD..............(WE TRADE ALL MARKETS)
OPEN AN ACCOUNT TODAY............888-282-2770................
FREE RESEARCH TO MY CLIENTS.........................

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