Today’s Gold trade once again traded between My support and resistance levels as the U.S Is still the driving force and indicator to trading Gold? With all the continued uncertainty in the European Union it appears investors are making the Dollar the currency of choice.

There was a surge of “bargain buying” from India’s Jewelers as they have been buying price dips. April begins the wedding season in India and Gold is a huge part of their ceremonies. Not only with the ornamental wedding dress but as the gift of choice.

Reports: 3/24….Wednesday….

Durable Goods………….7:30 am (CST)
New Home Sales……….9:00 am (CST)

My swing numbers for Wednesday…3/24…April Gold

RESISTANCE # 2………$1116.00
RESISTANCE # 1………$1110.00
PIVOT……………………$1102.00
SUPPORT # 1…………..$1096.00
SUPPORT # 2…………..$1088.00

Mike Daly / Gold Specialist
PFG BEST
mdaly@pfgbest.com