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Gold Settled $12.80 Higher ... ($1771.30)
Today's April Gold Futures contract traded $23.50 range as traders and investors continue to choose Gold as their safe haven investment choice. The geo-political tension with Iran has traders concerned that the volatile situation may escalate into a warring environment. And as we Gold bugs are aware a warring environment especially in an Oil producing region traditionally is very "bullish" for Gold. The session traded a very tight range as the April contract ranged between $1750.00 & $1758.00 until 12::00 noon before rallying $1774.20 shortly before the session closed. As of this post the April Globex market traded as high as $1783.40.
April Crude Oil futures traded as high as $106.72 per barrel today.......
March Silver was unable to maintain its rally momentum and actually closed 17.5 cents lower at
$34.28.9 per ounce.
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ECONOMIC DATA 2/23
INITIAL JOBLESS CLAIMS............7:30 AM. CST.
MY SWING NUMBERS 2/23
APRIL GOLD
RESISTANCE # 2...............$1789.00
RESISTANCE # 1................$1779.00
PIVOT..............................$1765.00
SUPPORT # 1....................$1757.00
SUPPORT # 2....................$1721.00
VOLUME...........................133,000
MARCH SILVER
RESISTANCE # 2................$34.71
