Friday, December 07, 2007

GOLD CLOSES $6.90 LOWER TODAY.....

Today's Gold trade was a late session / weekend profit taking day.
Despite a lower U.S. Dollar today the Gold seemed to get dragged down by an avalanche sell-off in the Crude Oil today(280 points lower). Many traders want to be flat (NO POSITIONS) when the FOMC meet next Tuesday 12/11.the Gold traded in a $13.80 Dollar range today.
HIGH...810.00 LOW...796.20 CLOSE...800.20.................
MY SWING NUMBERS HAVE BEEN VERY GOOD AS OF LATE.
MONDAY'S SWING NUMBERS FOR FEBRUARY GOLD ARE:
RESISTANCE #2............................816.00
RESISTANCE #1............................808.00
PIVOT......................802.00
SUPPORT #1..................................794.00
SUPPORT #2..................................788.00

TRADE SMART...............TRADE GOLD..........WE TRADE THE WORLD.........
OPEN AN ACCOUNT WITH ME ONLINE NOW.. www.manducatrading.com

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