Tuesday, July 01, 2008

GOLD CLOSES $16.20 HIGHER TODAY........

The Gold rallied strong today ....taking out key resistance levels due to news that tensions between Israel and Iran escalated over Iran's nuclear threats. Any type of tension in the Middle-east will cause the Price of Crude oil and Gold traders to react. Usually to the UPSIDE.
Investors Buy Crude in anticipation of a cut in production and they Buy gold in anticipation of a Weaker U.S. Dollar and as a SAFE HAVEN...The U.S Dollar____DOWN 19 at the Gold close.
HIGH.....948.50 LOW....932.50 CLOSE.....944.50.......
THE FOLLOWING ARE MY GUIDE-LINE NUMBERS 7/1 AUGUST GOLD.......
RESISTANCE #2................958.00
RESISTANCE #1................951.50
PIVOT...................................942.00
SUPPORT #1..................... 935.50
SUPPORT #2.......................926.00

TRADE SMART..........OPEN AN ACCOUNT TODAY....888-282-2770...

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