Tuesday, March 11, 2008

GOLD CLOSES UP $4.20 TODAY..............

Another CHOPPY & VOLATILE day trading Gold.
It certainly looked like both the Gold and Crude Oil markets were heading for the moon early.
April Gold was trading at $985.90 when The Federal Reserve announced it would pump $200 Billion Dollars into the Credit markets. This gave the U.S. Dollar a huge boost and tanked both
the Gold and Crude Oil markets causing gold to trade as low as $967.00. (966.00 on the electronic)....These days you have to work cheap....(take proits)......Or pay the price!
Reports 3/12......API - EIA ENERGY STKS...9:30AM.CST.............................
SINCE THE GOLD IS TRADING OFF THE CRUDE AT THIS TIME...LOOK FOR ENERGY REPORT......HIGH...985.90...LOW...967.00...CLOSE...976.00...................
SWING NUMBERS....APRIL GOLD....3/12...............................
RESISTANCE #2.....................995.00
RESISTANCE #1.....................985.00
PIVOT................................976.00
SUPPORT #1............................966.50
SUPPORT #2............................957.00
TRADE SMART.............OPEN AN ACCOUNT TODAY...888-282-2770.............


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