Wednesday, November 07, 2007

GOLD CLOSES UP $10.10 TODAY........

Once again the weakness of U.S Dollar produced a huge rally in the Gold market.
The Gold traded in a CHOPPY $12.50 point range which included a bit of a late session profit take caused primarily by the strong sell-off in the Crude Oil today.
The Dollar was 67 points lower and the Crude Oil was 160+ lower at the close of Gold.
REPORTS FOR 11/08....JOBLESS CLAIMS & EXPORT SALES...7:30AM. CST.
HIGH...843.50 LOW...831.00 CLOSE...833.50.........................
SWING NUMBERS FOR 11/08.............
RESISTANCE #2.............................848.00
RESISTANCE #1...............................841.00
PIVOT....................................................836.00
SUPPORT #1.........................................828.00
SUPPORT #2...........................................824.00

TRADE GOLD**** TRADE SMART***
OPEN AN ACCOUNT TODAY........888-282-2770
FULL SERVICE / SELF DIRECT

0 Comments:

Post a Comment

<< Home