Wednesday, January 16, 2008

GOLD CLOSES $20.60 LOWER TODAY....

With hopes of more Oil production ...the U.S Dollar was extremely strong today and sent the Gold market south along with the Crude Oil. The Gold had appeared to be a bit top-heavy and in need of a correction. A very choppy and volatile trade today. Another huge trading range.(13.20)
The Gold slide began in the over-night market and continued in the day session .REPORTS FOR 11/17...THURSDAY...HOUSING STARTS...EXPORT SALES...AND JOBLESS CLAIMS......ALL AT 7:30 AM. CST.
THE FOLLOWING ARE MY SWING NUMBERS FOR 11/17....FEBRUARY GOLD........
RESISTANCE #2................898.00
RESISTANCE #1................895.00
PIVOT......885.00
SUPPORT #1......................872.00
SUPPORT #2......................870.00

TRADE SMART....CALL TO TRADE TODAY...888-282-2770..........

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