Gold Settled $14.80 Higher ... ($1698.70)

April Gold Futures traded a technical $2020 rang and settled just above my $1697.00 resistance level. The past two trading sessions have resulted in a rally of $35.30 from Tuesday's low of

$1663.40 to today's settlement of $1698.70. Today's trade appeared to be somewhat tentative as traders are awaiting tomorrows Unemployment Data as well as the U.S Trade Balance figures. It is my opinion that the Unemployment Data could direct the market $20 Dollars either way. Many analysts are projecting an increase of 210, 000 - 220-000 non -farm payrolls keeping the unemployment rate at 8.3%.. However, if there is a significant differential either way the market will react...Let's not forget that the geo-political tensions between Iran and the West are still high and the price of April Crude oil futures traded as high as $107.20 per barrel today.

ECONOMIC DATA; 3/9

INITIAL JOBLESS CLAIMS....7:30 AM. CST.

U.S. TRADE BALANCE.........7:30 AM. CST.

MY SWING NUMBERS 3/9

APRIL GOLD

RESISTANCE # 2....................$1717.00

RESISTANCE # 1....................$1705.00

PIVOT.................................. $1696.00

SUPPORT # 1........................$1686.00

SUPPORT # 2........................$1675.00

VOLUME...............................138, 000

MAY SILVER

RESISTANCE # 2....................$34.61

RESISTANCE # 1....................$34.22

PIVOT...................................$33.79

SUPPORT # 1........................$33.40

SUPPORT # 2........................$32.97

VOLUME..............................34,000

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