Monday, April 07, 2008

GOLD CLOSE UP $13.60 TODAY.............

Today's Gold trade was on the strong side from start to finish. I wanted to buy June Gold around $915.00 today...But I did not get the chance in the day session. This gold trade has certainly become "THE THUNDER DOME" "2 MEN ENTER ONE MAN LEAVES".........yikes!!!!!!!!!!!
There has been ample opportunity to make money (on both sidescof the market)...However Gold traders are very aware of the virgin territory we are trading and lack of technical history.
This is why I believe we are seeing such huge ranges......TRADERS LACK CONFIDENCE HOLDING POSITIONS IN UN_FAMILAR TRADING AREA'S.......................
HIGH...933.00 LOW...916.80 CLOSE...926.80...............................
SWING NUMBERS FOR 4/8.....JUNE GOLD.............
RESISTANCE #2...............................941.00
RESISTANCE #1...............................933.00
PIVOT......................925.00
SUPPORT #1....................................917.00
SUPPORT #2....................................909.00............
TRADE SMART.....CALL ME....888-282-2770


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