Wednesday, January 09, 2008

GOLD CLOSES UP $1.40 TODAY................

Today's market closed higher on a choppy nervous trade.
Many traders traded on the conservative side due to ECONOMIC REPORTS and the knowledge of FOMC CHAIRMAN BEN BERHNANKE speaking tomorrow on the latest economic situation. Tomorrow could be a very wild trade......
REPORTS : EXPORT SALES...JOBLESS CLAIMS...WHOLESALE TRADE...7:30AM. CST.
ALSO ...GAS STORAGE AT 9:30 AM. CST.......(GOLD ON ALL-TIME HUGH'S)
HIGH...884.00 LOW...874.00 CLOSE...881.70...........................
The following are my swing numbers for Thursday 1/10.....February Gold...............
RESISTANCE #2..................890.00
RESISTANCE #1................. 886.00
PIVOT..................880.00
SUPPORT #1........................876.00
SUPPORT #2........................870.00

TRADE SMART.......OPEN AN ACCOUNT TODAY.........888-282-2770...................

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