Gold settled $9.60 Higher… ($1226.20)

Thanks in part to a weaker U.S Dollar the Gold market closed $9.60 higher for the session. The rally today dismantled the $1220.00 -$1225.00 key resistance levels which has been the top of summer – long range.


There is plenty of underlying interest for bullion world-wide as demand has increased due to the recent weakening of the global economy…
Investors may be transferring monies from their Equity accounts into precious metals as a “safer haven” investment opportunity….

The jewelers of India have also been busy as the Wedding and Festival seasons rapidly approach (SEPTEMBER – DECEMBER) as they will need to restock their shelves to accommodate the certain demand…..
*20% of all gold consumed annually comes from India*

Reports 8/17 :
HOUSING STARTS & PERMITS……..7:30 AM (cst)
PI …………………………………………….7:30 AM (cst)

MY SWING NUMBERS 8/17 (DECEMBER GOLD)

RESISTANCE # 2……….$1237.00
RESISTANCE # 1……….$1232.00
PIVOT …………………….$1224.00
SUPPORT # 1……………$1219.00
SUPPORT # 2……………$1211.00

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YOU CAN FIND THIS REPORT AT www.pfgbest.com click research ..then metals report….

Mike Daly / Gold Specialist
PFG BEST
[email protected]
877-294-4669
312-563-8029

*THERE IS EXTREME RISK TRADING FUTURES, OPTIONS, & FOREX*