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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