GOLD CLOSES $16.50 LOWER TODAY.......

TODAY'S GOLD MARKET REACTED OFF EARLY DOLLAR STRENGTH AND CAUSED A $20.00 + SELL-OFF. NEWS OUT OF SAUDI ARABIA STATING AN INCREASE IN OIL PRODUCTION GAVE THE U.S. DOLLAR EARLY STRENGH. HOWEVER AFTER CRUDE OIL TRADERS DETERMINED THE INCREASE IN PRODUCTION WAS NOT ENOUGH TO MEET DEMAND AND RALLIED 200 + IT HELPED PULL THE GOLD OFF IT'S LOWS AND SETTLE $16.50 LOWER ON THE DAY. REPORTS: FOMC MEETING.....CONSUMER CONFIDENCE 9:00 AM. CST......HIGH...903.00.....LOW....879.00...CLOSE...887.00...... RESISTANCE #2..............913.00 RESISTANCE#1...............900.00 PIVOT.................................889.50 SUPPORT#1.....................876.00 SUPPORT#2.....................865.50 TRADE SMART / TRADE WITH ME... OPEN AN ACCOUNT TODAY....888-282-2770.................... MDALY@MANDUCATRADING.COM