Monday, January 28, 2008

GOLD CLOSES$16.40 HIGHER TODAY......

The trend continued today in the day session. Without a doubt this is a very strong gold market.
However it feels very top-heavy to me. Despite the FOMC meetings Tuesday and Wednesday the general public has got Gold fever. if they do not cut enough (or at all )this gold market will drop fast.I have noticed a lot of PUT spread action in the market. Another large range today($12.00)....CONSUMER CONFIDENCE....TOMORROW 9:00 AM. CST......
HIGH...929.20 LOW...917.20 CLOSE...927.10......................
SWING NUMBERS FOR TUESDAY 1/29.....FEB. GOLD...........
RESISTANCE #2..................935.00
RESISTANCE #1..................932.00
PIVOT.....................924.50
SUPPORT #1.........................920.00
SUPPORT #2.........................912.00.....................

TRADE SMART....TRADE GOLD.........CALL ME...888-282-2770.............

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