GOLD REBOUNDS $4.40 HIGHER TODAY......

I've started blogging on a NEW SITE, please update your bookmarks to Gold.TradeHugger.com Go to Gold.TradeHugger.com NOW. AFTER AN AVALANCHE SELL-OFF YESTERDAY THE GOLD MARKET REBOUNDED ON VERY VOLATILE TRADING. WITH TTHE FOMC MEETING TODAY QAND AGAIN TOMORROW IT APPEARS TRADERS ARE A BIT TENTATIVE TO HOLD POSITIONS. THE WEAKNESS IN THE U.S. DOLLAR STARTED THE MOMENTUM HIGHER IN THE GOLD MARKET. AS A SEASONED TRADER I HAVE SEEN MY SHARE OF WILD MARKETS.HOWEVER THIS CRUDE OIL MARKET IS NOT FOR THE FAINT OF HEART AND IS DIRECTLY AFFECTING THE GOLD MARKET(ESPECIALLY TO THE DOWN-SIDE). THIS IS WHY I AM TRADING CALL/PUT SPREADS AND USING STOP-LOSS ORDERS WHILE DAY TRADING TO LIMIT RISK. THE TRADING RANGES HAVE BEEN HUGE THE PAST FEW MONTHS AND I EXPECT IT TO CONTINUE UNTIL THE HOUSING SECTOR AND THE ECONOMY SHOW SIGNS OF IMPROVEMENT. U.S $___23 LOWER...... HIGH...896.00 LOW...885.10 CLOSE...891.60..... RESISTANCE.#2.......901.00 RESISTANCE #1.......895.00 PIVOT..........890.00 SUPPORT #1.............884.00 SUPPORT #2.............879.00 TRADE SMART / OPEN AN ACCOUNT TODAY....888-282-2770 MDALY@MANDUCATRADING.COM