Monday, November 05, 2007

Gold Closes Up $2.30 Today....

The Gold Market traded in a CHOPPY $8.80 range today. The market felt a little TOP heavy and over bought early but the market managed to close HIGHER once again. despite a stronger U.S Dollar(10+) and a weak Crude Oil (51- at Gold close) the Gold once again shows it can make it's own path.Many traders realize the influx of physical Gold buying and the Geo-political conditions are two key reasons the Gold market is so strong. I am still looking for a slight correction .(MARKETS NEED TO REFRESH) before buying more call spreads.
HIGH...813.80 LOW...805.00 CLOSE...810.80......................
SWING NUMBERS 11/06 DECEMBER GOLD.......................
RESISTANCE #2......................819.00
RESISTANCE #1......................815.00
PIVOT.......................810.00
SUPPORT#1.............................806.00
SUPPORT #2............................801.00
TRADE GOLD ...TRADE SMART..........
OPEN AN ACCOUNT TODAY...........888-282-2770.....................
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