Friday, January 25, 2008

GOLD CLOSES UP $4.90 TODAY...............

Problems in South African gold mines (electrical fires) helped cut production and sent the Gold market as high as $921.00 today. However in my opinion it was a typical Friday late session profit take that caused the Gold to close at the $910.70 level.Many Traders expect yet another FOMC rate cut after the Tuesday/Wednesday meetings.this pending ???? cut may already be in the market. Another large day session range ($15.00) today....
HIGH....921.00 LOW...906.00 CLOSE...910.70.....
MY TRADING (SWING) NUMBERS FOR MONDAY 1/28...FEB GOLD...............
RESISTANCE #2..................927.00
RESISTANCE #1..................918.00
PIVOT...............912.00
SUPPORT #1.........................903.00
SUPPORT #2.........................897.00

TRADE SMART / TRADE GOLD / TRADE WITH ME....888-282-2770

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