Monday, December 17, 2007

GOLD CLOSED UP $1.30 TODAY............

The Gold market traded in a technical $8.00 range today. Despite the Crude Oil trading 130+ LOWER(at the Gold close) the Gold closed .80 cents of the HIGH of the day.
Many traders are anticipating another weak HOUSING STARTS number tomorrow.
The Housing Starts Report will be released Tuesday 12/18 7:30am. CST.
HIGH...800.50 LOW...792.50 CLOSE...799.30..................
The following are my swing numbers for February Gold 12/18.....
RESISTANCE #2.............805.50
RESISTANCE #1.............802.50
PIVOT..............797.50
SUPPORT #1....................794.50
SUPPORT #2....................790.00

TRADE SMART........TRADE GOLD...........
WE TRADE THE WORLD.........OPEN AN ACCOUNT TODAY ONLINE
OR CALL -----888-282-2770----

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