Thursday, December 20, 2007

GOLD CLOSES $2.20 LOWER TODAY........

The Gold market traded in a very choppy $6.80 point range which lacked direction and news.
The Gold community seems to need a weak U.S Dollar to sustain any type of rally.
Despite early rallies in the Crude Oil the Gold reacted almost exclusively opposite the Dollar while paying no attention to the STRONG energy markets early. The HOLIDAY MARKETS will probably begin tomorrow afternoon. BE CAREFUL!!!...........
HIGH...804.50 LOW...797.70 CLOSE...803.20....
THE FOLLOWING ARE MY SWING NUMBERS FOR 12/21....FEBRUARY GOLD........
RESISTANCE #2.................809.00
RESISTANCE #1.................806.00
PIVOT.....................802.00
SUPPORT #1.......................800,00
SUPPORT #2.......................795.00.......................

TRADE SMART..............
OPEN AN ACCOUNT..........888-282-2770 OR ONLINE WWW.MANDUCATRADING.COM


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