Wednesday, November 28, 2007

Gold Closes Down $13.90 Today.............

Another very weak day for the Gold and Crude Oil markets. The U.S Dollar was strong once again today trading 25+ HIGHER at the Gold close.I am amazed at the recent volatility and believe tomorrows reports will ADD even more. REPORTS 11/29....EXPORT SALES & JOBLESS CLAIMS 7:39 AM CST......NEW HOME SALES 9:00 AM CST..................
Another Huge range today ....10.80 points.................
HIGH...814.50 LOW...803.70 CLOSE...807.30................
All markets refresh and all markets have volatility....what you should be looking for are markets with volatility and HIGH VOLUME...this is the case in the Gold and Crude Oil market.
High Volume prevents huge run-away markets and allows markets to rebound.
Swing numbers for 11/29...February Gold...........................
RESISTANCE #2...............822.50
RESISTANCE #1...............813.50
PIVOT........808.50
SUPPORT #1.....................802.50
SUPPORT #2.....................794.50..........
TRADE SMART.............TRADE GOLD..............OPEN AN ACCOUNT TODAY.888-282-2770

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