Today's Gold session produced a slight rebound as the Asian actively purchased bullion during the overnight session. Many traders appeared to be apprehensive in advance of Tuesday's key economic news. The Gold market traded a technical and choppy $11.70 range. Tuesday is day one of a two day meeting for the FOMC. It is also the date of the Presidents State of the Union speech. I expect President Obama to highlight the recent better than expected Jobless data as well as economic growth in attempt to convince the nation that we are on the right path.....Tuesday we will also learn the level of the nations consumer confidence...All the above are capable of moving the precious metals significantly.....Volume today was mid-level as 132,000 contracts traded in the February Globex GOLD contract....

MY SWING NUMBERS FOR 1/25.....

FEBRUARY GOLD.......
RESISTANCE # 2.......................$1358.00
RESISTANCE # 1.......................$1351.00
PIVOT ......................................$1346.00
SUPPORT # 1...........................$1339.00
SUPPORT # 2...........................$1334.00

MARCH SILVER
RESISTANCE # 2............................$28.27
RESISTANCE # 1............................$27.79
PIVOT ...........................................$27.47
SUPPORT # 1............................... $27.00
SUPPORT # 2................................$26.67

Mike Daly / Gold Specialist
PFG BEST
mdaly@pfgbest.com
877-294-4669
312-563-8029

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