GOLD CLOSED DOWN $19.10 TODAY......
The Austrailian's raised their rates over night putting pressure on both the Euro and the Japanese Yen which in turn was VERY bullish for the U.S. Dollar. Remember Bullish Dollar =Weaker Gold (most of the time). The U.S Dollar was 79 points Higher today...The Crude Oil was 200+ points Lower and the gold market dropped $19.10 on the day. The gold market traded in another wide, choppy, and very volatile range today, however it also traded in a technical range. HIGH...902.00 LOW...888.50 CLOSE...890.30........... THE FOLLOWING ARE MY SWING NUMBERS FOR WEDNESDAY 2/6....APRIL GOLD.... RESISTANCE #2..............................906.00 RESISTANCE #1..............................897.50 PIVOT...........................893.00 SUPPORT #1....................................884.00 SUPPORT #2....................................880.00 TRADE SMART.........TRADE GOLD.................TRADE WITH ME....888-282-2770......... |
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