Friday, April 25, 2008

GOLD CLOSES UP .30 CENTS TODAY.........

TODAY'S GOLD TRADE WAS TRULY AMAZING. THE NIGHT SESSION PUSHED GOLD DOWN TO $880.00 (MY SUPPORT WAS $880.50) BEFORE PUSHING IT AS HIGH AS $898.70 IN THE DAY SESSION. THE SETTLEMENT WILL SHOW JUNE GOLD GAINING 30 CENTS ON THE DAY, HOWEVER I FEEL LIKE IT WAS A HUGEV UP DAY.WITH THE FOMC MEETING NEXT WEEK MANY TRADERS YHERE WILL BE YET ANOTHER RATE CUT (1/4...1/2 POINT)....THE GOLD HAS BEEN TRADING LIKE A WOUNDED DUCK...VERY TENTATIVE/ CHOPPY / AND EXTREMELY VOLATILE...LOTS OF SMALL TRADERS GOT CRUSHED THIS PAST FEW WEEKS.THIS OFTEN HAPPENS DURING CORRECTIONS /OVER-BOUGHT MARKETS.....HOWEVER, WITH THE CRUDE OIL TRADING OVER $120.00, COMMODITIES UP ACROSS THE BOARD, AND A VERY WEAK HOUSING & LABOR SECTOR....PEOPLE SHOULD BE INVESTING IN SAFE HAVEN INVESTMENT (NONE BETTER THAN GOLD)...........................................
HIGH...898.70.......LOW...885.50........CLOSE......889.70.......
MY SWING NUMBERS FOR MONDAY...
RESISTANCE #2............................................904.00
RESISTANCE #1............................................896.50
PIVOT...........................................891.00
SUPPORT #1...................................................883.00
SUPPORT #2...................................................878.00

TRADE SMART......OPEN AN ACCOUNT TODAY......888-282-2770
FREE RESEARCH TO MY CLIENTS..............................
I

0 Comments:

Post a Comment

<< Home