Today’s Gold Settles $5.60 Lower… ($1092.50)
For the second straight trading session Gold prices fell off rumors of a weak Japanese fiscal outlook. The U.S Dollar traded a two month high versus the Yen lessening the appeal for Gold as a hedge against the Dollar. There was also good news from the Chicago region as data showed the expansion of businesses was higher for the first
time in 16 months. The Gold has been holding the $1080 – $1100.00 level mostly due to bargain hunter buying from the Asian sector.
Key Reports: 12/31
EXPORT SALES…………..7:30 am (CST)
JOBLESS CLAIMS………..7:30 am (CST)
DURABLE GOODS……….7:30 am (CST)
RESISTANCE # 2….$1103.00
RESISTANCE # 1….$1098.00
PIVOT……………….$1092.50
SUPPORT # 1…… $1086.00
SUPPORT # 2………$1082.00
Mike Daly / Gold Specialist
PFG BEST
mdaly@pfgbest.com
877-294-4669
312-775-3014
312-563-8029
*There is EXTREME risk trading futures, options, and futures…..*
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