Today’s Gold traded in a very subdued range as traders got a jump on the three day Holiday weekend. The August Globex market traded a $15.20 range and managed to close $1.00 higher on the session. After yesterday’s mammoth sell-off traders appeared to be willing to re-enter the Gold market around the $1200.00 level and may consider it “Bargain hunting Buying”…
The Unemployment data reflected a drop in jobs As payrolls declined by 125,000 last month leaving Many investors to wonder if we are indeed on the road to recovery…..
Have a great 4th of July !
Swing Numbers …Tuesday 7/6 August Gold
RESISTANCE # 2………………..$1222.00
RESISTANCE # 1………………..$1215.00
PIVOT……………………………….$1207.00
SUPPORT # 1…………………….$1200.00
SUPPORT # 2…………………….$1192.00
Mike Daly / Gold Specialist
PFG BEST
877-294-4669
312-563-8029
*THERE IS EXTREME RISK TRADING FUTURES, OPTIONS, and FOREX*