Monday, December 10, 2007

GOLD CLOSES UP $13.30 TODAY.....

The Gold market reacted to a very weak U.S. Dollar today and closed $13.20 higher.
With the FOMC meeting tomorrow many traders believe the FOMC COMMITTEE will cut rates once again. The question is..... will it be a 1/4 or 1/2 point?By the strength of the Gold market today it appears the professionals believe it will be a 1/2 point. Huge $11.00 point range.
HIGH...817.50 LOW...806.50 CLOSE...813.00......................
RESISTANCE #2..................822.50
RESISTANCE #1..................818.50
PIVOT.......812.50
SUPPORT #1........................807.50
SUPPORT #2........................801.50............................
TRADE SMART / TRADE GOLD / OPEN AN ACCOUNT WITH MIKE DALY
888-282-2770................GO ON-LINE.....................

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